Word: schemed
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Dates: during 1950-1959
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Almost every barrier the U.S. meets abroad is matched by wrangling at home. The Agriculture and Treasury Departments, which bear the brunt of the surplus costs, will go for almost any scheme to move commodities into the market place and lessen the load...
...future soybean market. According to the Commodity Exchange Authority, he bought up 94% of the deliverable stocks of soybeans in Chicago, then tried to drive the price up by shipping beans out of the Midwest and circulating phony market rumors of a shortage. For a while, says CEA, the scheme worked: prices rose by as much as $1 a bushel, to $4.08. But then, as the new crop started coming in, the price of soybeans cracked to $2.50 a bushel. Meanwhile. Butler was losing heavily in the declining coffee market...
Matusow's Comeuppance. Said Judge Thomason: "Matusow, alone or with others, willfully and nefariously and for the purpose of defrauding this court and subverting the true course of the administration of justice . . . schemed to and actually used this court of law as a forum for the purpose of calling public attention to a book, purportedly written by Matusow, entitled False Witness. This court finds the fact to be that as early as Sept. 21, 1954, responsible officials of the International Union of Mine, Mill & Smelter Workers . . . subsidized the writing and publication of this book ... I find that Matusow willfully...
...firm conviction, moreover, that this hearing was deliberately brought on for the purpose of attacking the judgment of this court, attacking the Federal Bureau of Investigation and the Justice Department, in a carefully thought-out scheme to generally discredit . . . the testimony of undercover agents and former Communist Party members . . . Matusow [has] obviously made an effort to convert these proceedings into a trial of the Department of Justice rather than of the issues before the court...
...plan to save face for Speaker Sam Rayburn, who had rushed through the House of Representatives a bill calling for a flat $20-a-head income-tax cut (TIME, March 7). The compromise was proposed only after it became clear that defections among Senate Democrats would defeat the House scheme. As outlined by Majority Leader Lyndon Johnson, the Senate measure would give the head of each household a $20 tax reduction, plus $10 for each dependent other than a spouse...