Word: sec
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Dates: during 1930-1939
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...cost more to build and operate than foreign bottoms because of the higher wages of U. S. Labor. Astraddle this situation, which the Government has at last given full recognition after years of such temporizing as the mail subsidies, sits ruddy Joseph P. Kennedy, onetime stock speculator, cinemagnate and SEC chairman. What he has already done with his powers to subsidize shipbuilding and ship-operating and what he plans to do form the basis of FORTUNE'S many-sided treatise which includes...
...dean of the Harvard Law School, James McCauley Landis fortnight ago delivered his matured opinion of the work of the Securities & Exchange Commission of which he is retiring chairman: "More than a billion dollars of American money has been kept from falling into the hands of swindlers through SEC operations to date. . . . And the amount of other millions of fraudulent, or semi-fraudulent investments deterred by SEC activities from even trying to 'get by' can only be estimated. . . . I do not think basic soundness of our markets has been impaired by restrictions for the protection of customers...
Last week, without challenging the merit of SEC's efforts to purify the issuance of new securities, the New York Stock Exchange, which has never openly attacked SEC, and Charles R. Gay (called the Exchange's "New Deal" president) broadly and frankly questioned the results of SEC's regulation of securities exchanges...
...from the ruck. It was not, as many hoped, favorite DeSota. It was the Hanover Shoe Farms' bay filly Shirley Hanover, priced at 10-to-1, and she flashed away from the field in the homestretch, past Schnapps, past Farr, crossing the line in 2 min., 1½ sec. Track oldsters yipped with excitement. If Shirley Hanover could win the second heat, she would be the fastest winner* in Hambletonian history...
...came in third, each won a Chevrolet coach which they are too young legally to operate. Coaster Ballard then went on to win another silver trophy by defeating the foreign champion, 16-year-old Danie Wege of Port Elizabeth, South Africa, in the international event. His record heat: 28.86 sec...