Word: steps
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Dates: during 1930-1939
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Neutrality legislation of the 1936-37 type might have curious effects in the event of a war involving, say, Brazil and the Argentine. If the U.S. were to embargo the shipments of lethal weapons to these countries in the event of war, any interested European nation-say. Germany -could step in and subsidize the sort of victory that seemed best calculated to damage the Monroe Doctrine. The U. S. would thus find its neutrality policy contravening an even older policy and threatening the safety of the Panama Canal, which is vital to the two-ocean effectiveness...
...London Daily Telegraph & Morning Post, demanding the "best talent available" for a newly constructed Cabinet, wrote: "The plain fact is that when people speak of a reconstruction of the Cabinet, they are thinking first and foremost of the inclusion of Churchill, and it is quite certain that no step would more profoundly impress the Axis powers with the conviction that this country means business...
Last week the Nazis took another step and not only shortened the Führer's title but dropped his name. Hereafter Herr Hitler will be known simply as The Leader, will sign his name that way and all newspapers, documents and speakers must refer to him only by those two words. Official explanation for the change: "The title of Chancellor gave Hitler an air of being a functionary or politician, whereas he is the beloved leader of his people...
...utility super-holding companies, J. P. Morgan's United Corp. was the biggest and fell the hardest. United now looks back ruefully on its ten checkered years of existence and hopes that it has finished taking its licking. In this connection it announced last week its first step toward quitting business as a utility holding company and setting up as an investment trust. It reported that in the past three months it had invested nearly $2,500,000 in 15 leading common stocks (Chrysler, DuPont, General Electric...
...holding company investments (eventually to less than 10% of each) that it "has determined to continue as an investment company and. as opportunity permits, to diversify its portfolio and participate in the financing and underwriting of new capital issues in the public utility and other fields." As a first step United asked permission to invest $8,000,000 of its $12,400,000 of cash in industrial common stocks. Last March SEC gave consent; last week United showed that it had begun...