Word: tradings
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Dates: during 1940-1949
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...cover story on former Speaker of the House Joe Martin (TIME, Nov. 18, 1946) began: "About all that little Joe ever did was brush the flies off the horses' big rumps while his old man did the shoeing. Little Joe never actually worked at his father's trade. But he grew up to have his old man's squat build. And in the politician's trade, which Joe Martin took up, he worked in the manner of a blacksmith - a nail here, a nail there, working most of the time close to the ground...
...approved the North Atlantic Treaty,, the first peacetime alliance with European nations in U.S. history, and a $1 billion program to help arm the alliance. After a seizure of quibbling, Congress authorized a generous $5.4 billion appropriation for EGA. The hobbling "peril-point" amendment was struck off the reciprocal-trade program, and the authority extended two years. The 81st also gave U.S. defense all that the President had asked-and decided that he had not asked enough. It appropriated a $15.6 billion defense budget, a record for peacetime, adding funds for an extra ten groups to the 48-group...
...usurped the decisions which formerly were made by individuals and regulated by economic laws . . . There has been an increasing tendency on the part of the Government to decide what is good and what is bad for all of us ... Government decides what is and what is not restraint of trade for business, but very carefully avoids deciding what is or what is not restraint of trade when applied to labor unions and other political blocs. "Do not think that the use of this power is only sought by bureaucrats, or by those who would travel the last mile to socialism...
...short, sharp paragraphs, the report dispelled any idea that the dollar shortage is something new; it started 35 years ago and has grown steadily worse ever since. Between 1914 and 1949, America's exports exceeded her imports by $101 billion. This "socalled favorable balance of trade," said the report, was largely paid for by $68 billion in Government loans & grants to Europe and more than $10 billion in private gifts. These grants "have in effect been unconscious subsidies to American export industries" at the expense of American taxpayers. The subsidies could be eliminated, or at least cut, only...
...Taft. There is no majority party, and for two years, the Communists, who have a plurality, have not been represented in the Cabinet. To add to the difficulties, the three parties in the center coalition, the Socialists, committed to a planned economy, the Popular Republicans, drawing support from Catholic trade unions, and the Radicals, devoted to private enterprise, are split on a whole series of issues...