Word: reinvested
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Dates: during 1930-1939
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...profits by selling its securities, but Trust Y does not. Accountants therefore certify that X had a large profit, Y only that realized on dividends. X's stock rises on the news and Y's falls. The financiers then sell their X stock at a profit, reinvest it in the depressed Y stock. Then they order Y to realize its profits by selling its portfolio. When the accountants certify this profit, Y's stock rises, giving the unscrupulous financiers a profit at other stockholders' expense...
...mitigating the severity of booms, and consequent depressions. The Times editorial's fear that the tax would stunt the growth of American industry and restrict the opportunities for new employment seems silly in view of the fact that the receivers of dividends would still have the opportunity to reinvest these profits through the ordinary channels of the investment market, the only difference being that this market, and not the views of the management of the corporations, should decide in what industries to invest. Considering that the over-expansion of the automobile industry was one of the main causes...
...secret of Venezuela's prosperity. The secret of Dictator Gomez' success is that he did not attempt to interfere with the foreign development of Venezuelan oil fields, so long as his personal "cut" was promptly paid. And he had the patriotism to reinvest all his loot in his own country. Gomez oil royalties went to build Gomez hotels, cotton mills, rubber plantations, model farms. When they failed he sold them to the Government. When they succeeded he kept the change. For years the legend persisted that Dictator Gomez kept a yacht with steam up night & day in case...
...Deal, its indiscretions lay in the direction of its uncompromising hostility to social reform. In its denunciation of the dilly-dallying financial policies of the administration the Chamber expressed the righteous impatience of all businessmen. If any permanent recovery is to be made, capital will have to reinvest but it seems hardly likely to do so until the burning issues, which the government contemptuously ignores, are settled on a secure basis...
...second necessity for prosperity is not the immediate balance of the budget, but a plan by which it can be balanced before next year. Such a plan would support the credit of the United States at home and abroad: it would induce foreign investors to reinvest their money in United States enterprises...