Word: repaid
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Second Line. The ultimate penalty for "willfully" jacking up prices in violation of commission standards, according to the Phase II legislation passed by Congress, is treble damages. Price Commission staff members are conferring with the Justice Department about ways of getting such damages repaid to consumers without forcing them to sue. Last week, for the first time, the commission ordered a company to lower its prices by an amount triple the sum of its "excess" profits. The accused profiteer was Godfrey Co., a food distributor headquartered in Waukesha, Wis., with annual sales of $126 million. Godfrey's troubles stemmed...
...enjoyed skirmishes with fellow House members, Senators and even Presidents. He created a new image for blacks in Harlem and across the country. Before his first term was completed, he was a national figure. His was a widely heard voice in Congress supporting equal opportunity for blacks, and blacks repaid him with near-adulation...
Biggest contributors to the record high deficit were banks, which repaid many of their debts to foreign creditors, and multinational companies, which bought foreign money with U.S. currency as a hedge against dollar devaluation. Morgan Guaranty estimates that these short-term capital outflows came to $20 billion. Investments abroad by U.S. firms, and other long-term capital outflows, added to the deficit. Payments were also unbalanced by the first U.S. trade deficit in this century-almost $2.5 billion v. a surplus of $2.1 billion...
...million worth of $1 preferred shares issued the first year. As an added stimulant to the economy, the government would match the investor's purchase of preferred shares by buying him an equal amount of common stock in the fund. Until the loan was repaid from dividends and other income from the securities, the shares would be held by the bank. Thereafter the worker would own the shares outright and get all the income...
...together $109 billion has been spent in economic aid, mostly by the Agency for International Development and its predecessors. Of this, about $43 billion has been in the form of loans, of which $19 billion has already been repaid. Recipients of this aid are in effect required to spend practically all of it on American goods, thus boosting the nation's experts...