Word: ranking
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Dates: during 1940-1949
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...whom Adenauer really relies for advice have no official rank. One is Robert Pferdmenges, partner in the Cologne banking firm of Salomon Oppenheim & Co., and, unlike many a Ruhr magnate, no Nazi supporter; he acts as Adenauer's economic counsel. The other is boyish-looking, 45-year-old Herbert Blankenhorn, a former German diplomat who served in the prewar German embassy in Washington; his task is to smooth Adenauer's relations with the Allies...
...fair market price as a method of achieving [a fair farm] income is unsound and would impose a burden on the whole American economy through tax liability which would raise all costs of production-thereby lowering purchasing power and ultimately leading to a lower standard of living for the rank & file of consumers. [It] would place farmers at the mercy of congressional appropriations for their income...
...British labor were heading for a showdown. For more than two years, the trade unions had grudgingly gone along with the government's policy of virtually freezing wages & prices. But when devaluation of the pound thawed out some prices and sent them climbing upwards, the unions' rank & file rebelled. Britain's T.U.C. (Trades Union Congress) presented new demands: higher wages, more government subsidies to keep food prices down, additional taxes to cut down business profits...
Most of the blame for Rank's plight was put on England's 40% entertainment tax, through which the Labor government got $25,000,000 from Rank's films alone. Said Rank: "Too much of the industry's life blood is being drained out of the box office." His plaint was echoed by Sir Alexander Korda, independent moviemaker who has also had his troubles, and who has also asked for aid in the form of tax relief for the industry...
Instead of that, Labor M.P. and Editor Michael Foot of the weekly Tribune (whose pretty, 34-year-old bride is an independent film producer) thought the government should "use the opportunity presented by the spectacle of the rocking Rank empire to go into the film business itself." Foot wants to establish a state theater circuit and a national motion picture company to finance independent producers and distribute their films. But his idea got scant support. The government has not done very well with its venture into the movie business so far. It had set up the National Film Finance Corp...