Word: traded
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Dates: during 1940-1949
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...optimistic views over the British action and its effects on west and East came from seven of the University's economic experts--men familiar with the problem through work with the Economic Cooperation Administration the University's Russian Research Center, and through general studies in the field of international trade. Of these men, only one was not convinced that devaluation had at least al fair chance of solving Britain's economic woes...
Among those here backing the devaluation is one of Harvard's newest economists. Arthur Smithies, professor of Economic since February when he came here direct from full-time work with the ECA. Smithies was director of the Fiscal and Trade Policy Division, and he still holds official ECA title as a consultant...
...locating his store on a busy highway near the Indiana line and selling at cut rates, Meyer Jacob had become one of Chicago's biggest liquor dealers. But when the state legislature passed the Mandatory Fair Trade Act in July 1947, the state liquor commission tried to suspend his license for selling Penn Springs whisky 95? cheaper than the fair trade (i.e., minimum retail) price. Jacob kept his license while he fought the case through the courts...
Last week the Illinois Supreme Court threw out the Mandatory Fair Trade Act, the fourth time in six months that state courts have invalidated such laws. The court did not rule on the legality of price-fixing itself. It simply held that the Illinois law was so poorly drawn that it was impossible for "every person [to] know its meaning . . . and his rights...
...striven to avoid . . . an antiquated style and vocabulary and . . . any modernism that would . . . savor of flippancy." He is diffident about the result ("though I think I do these translations better as I grow older"), but need not be: it is one of the triumphs of the translator's trade...