Word: scaled
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Dates: during 1940-1949
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...most astonishing facts to be found in China today are not in the realms of war or politics but in finance. Chinese Government expenditures, when translated into U.S. dollars at the prevailing rate of exchange, are on a Lilliputian scale. To govern the 450 million Chinese in a territory one-third larger than the U.S. and to carry all the expenses of the war, the Chinese Government now spends approximately the same sum annually as the municipal government of New York City...
...American cotton, tobacco, wheat, oil, gasoline and many manufactured articles. She will therefore need credits. The highest figure for such necessary credits given by American and Chinese economic experts is $250 million a year-a tiny fraction of what is said to be Europe's requirements. Let us scale that down to $200 million and budget for our total Three Year Plan $600 million of credits for purchases in the U.S. from this autumn to the autumn...
Since the order applied only to unemployed workers, it could be made effective on a large scale only by creating unemployment. Said the New Statesman & Nation: "First . . . labor has got to become unemployed; and as a means of creating unemployment, unessential trades will be denied priority in allocation of fuel and raw materials. In other words, manpower is to be redistributed by inducing over a not yet clearly defined sector of industry, a species of creeping paralysis...
...exchanges, keenly aware of swelling congressional talk of more governmental control, voluntarily took a small step towards slowing down speculation. The Chicago Board of Trade ordered margins increased on a sliding scale. For every 10?-a-bushel increase in the price of grain futures, margins must, in effect, be increased an additional 5?. But the Board of Trade stuck to its contention that Government buying of grain for export was chiefly to blame for food prices, and not speculation...
Bets Closed. The Ford Motor Co.'s pension plan was finally voted down by the U.A.W.-C.I.O. in favor of an immediate 15?-an-hour raise (TIME, Sept. 29). The increase, said U.A.W., gave Ford the highest wage scale in the industry, $1.52 an hour, and 7? above the industry average. The same week, 19 of Ford's well-heeled employees were fired for gambling during working hours...