Word: pwa
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...fixed charges. That year the line lost $13,124,530 and it looked as if the courts came next. But Uncle Dan made the fur fly, got $8,233,000 from his old friend Jesse Jones, sold a ditch of a canal to PWA for $2,000,000, persuaded Congress to pass the Chandler Act, so astutely worded that it helped no other trunk line, but let B. & 0. cut its fixed charges...
Indicted by the Justice Department's Thurman Arnold last year were Pittsburgh's Electrical Contractors Association and twelve member firms. The charge, on which they were fined $54,000 after pleading no contest: conspiracy to defraud the Government of about $745,000 by rigging prices on PWA projects. Mr. Marcus promptly sued the contractors under...
...during the winter would be locked in until the spring thaw. Said the New York Times, scrutinizing both power and navigation problems: "The St. Lawrence project should be judged not as something vitally necessary in carrying out our defense program or aiding Great Britain but as one of many PWA undertakings that ought to be abandoned in favor of more urgent enterprises...
...Good ideas badly handled" included the anti-trust drive (49.4%), Wages and Hours Act (47.7%), PWA (47.4%), WPA (43.2%), export subsidies...
...Adding the "continue or revive" votes to the "good ideas badly handled" votes, FORTUNE found a majority who approved in principle of at least six New Deal measures: the anti-trust drive (72.5%), Housing and Home Loan Acts (70.9%), Wages and Hours Act (68.9%), the Hull trade treaties (67.2%), PWA (55.8%) and the Wagner Act (51.2%). Yet 94.1% agreed that such measures were preventing recovery. Some reforms which the Forum had approved in principle were also high on its list of deterrents: Wagner Act (74.5%), taxation policies (66.8%), Wages and Hours Act (48.5%), anti-trust drive (40%). Outstanding for unpopularity...