Word: setups
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Dates: during 1930-1939
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...Fitch's.* In 1936 the Comptroller of the Currency made this custom a requirement in cases when bonds are of doubtful value. Last January a research economist at the University of Chicago with the resounding name of Melchior Palyi took it upon himself to denounce this setup. Said he: "The ruling of the Comptroller has put the 'recognized' agencies into a strategic position which may permit them virtually to control the market. The agencies are under no governmental or other supervision . . . are extremely secretive about the technique at which they arrive at their judgment. ..." Mr. Palyi also...
Last week Wall Street was still chuckling over an incident which somewhat supports criticism of the setup: Fitch's rated the recent $100,000,000 issue of U. S. Steel debentures as AAA (highest), Standard as A1 (second rank), Poor's and Moody's as A (third rank). Last week, too, Secretary of the Treasury Morgenthau revealed that the group which has been devising a uniform bank examination was also brewing substantial modifications of bond ratings and eligibility...
...primary source of evil in the present setup of the Olympics is that the games are too large. It is not that too many nations participate, for the brotherhood of sports ought to include every country in the world. The trouble is that there are too many events, more than 150 of them at the Berlin Games, including many like women's sports that have no real justification for inclusion and many like architecture which Germany brought in at the last minute to win points. Many events mean many participants, and in the large countries the organization of the tams...
Terrorist Codreanu once envisioned an Italianate setup, with Carol as King and himself as Führer. But his outspoken criticism of Mme Lupescu, alienated him from royal favor. Last April, when the great plot to dethrone Carol was revealed, 1,500 of his followers were arrested and M. Codreanu, with the little bag of Rumania's "sacred soil" that all Iron Guardsmen wore under their green shirts, went finally to jail...
...considering a bill introduced by Senator Guy M. Gillette of Iowa to divorce oil production and sale much as the New Deal divorced banking and underwriting in 1933. Last week President J. Howard Pew of Sun Oil Co. went to Washington to protest. Denying that the present setup was monopolistic or unjust, he declared: "I resent such an indictment. There's nothing I consider more un-American and unsportsmanlike than the fixing of prices." ¶ Pressed its antimonopoly trial of vast Aluminum Co. of America. Year ago last week the Department of Justice filed suit for the dissolution...