Word: sec
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Dates: during 1930-1939
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...Public Utility Act of 1935, lacking even the dignity of a separate paragraph, was a Congressional command to the Securities & Exchange Commission to investigate investment trusts. In the twilight of the 1920's, some $7,000,000,000 worth of investment trusts were floated, according to SEC figures. Their total assets were worth about $2,000,000,000 by the end of last year. It became SEC's job to find out where, how and why the rest disappeared. Last week after over a year of preliminary field work by a staff of 70 experts, the headline stage...
With monotonous regularity the Securities & Exchange Commission continues to impress upon news readers the fact that corporation executives make a lot of money. Little has been done to give SEC's flow of fat figures any real business meaning. Most scholarly salary study to date was made by Economist John C. Baker in the Harvard Business Review last winter. Sampling 100 corporations great & small, Economist Baker discovered, among other things, that in 1929 U. S. management salaries averaged 6.6% of earnings, that in the five years through 1932 they averaged 10.8%. Last week, two more salary compilations were published...
...section of the Los Angeles sewer system which no live eye has seen since the city's discharge started flowing through it, 220,000,000 gal. per hr. at the rate of 3 ft. per sec., is the 6-mi. tunnel under the Del Rey Hills to the ocean. Last week Reuben Brown prepared to travel those six subterranean miles in a non-sinkable 9-ft. punt...
...Though one test is as good as another, none really explains why an automobile bolt occasionally cracks, an airplane strut snaps, a battleship's armor plate yields. By building a machine which hits a piece of metal with the whack of a bullet traveling 1,000 ft. per sec., H. C. Mann of Watertown (Mass.) Arsenal discovered that when a piece of metal is struck a very strong blow, its molecules release some of their potential energy, help shatter themselves. Mr. Mann's machine consists of a brace to hold the test metal and a flywheel with...
That nothing in the universe moves faster than light is a fundamental axiom of modern physics. The velocity of light is accepted as "basic constant," is given the symbol c for mathematical notation, is counted as 2.9986X10 10 cm. sec.-1-or roughly 186,000 mi. per sec...