Word: virtual
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Dates: during 1930-1939
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...House investigation of Navy aircraft purchases, which resulted in a virtual whitewash...
Grand Result: a vast accumulation of investable resources in banks and in the hands of the public. Months ago they began to put their funds heavily into short-term government securities until interest rates fell to virtual zero. Last week investors wishing to buy one-year Treasury notes could not get a yield over 3/100 of 1%. For better profits banks and other customary short-term investors turned to long-term Government bonds. Prices of U. S. bonds had climbed gradually for months. Last week saw the movement go to a new high mark...
...fore during the eleven-year administration (1915-26) of the late Henry Suzzalo. Able in politics as in pedagogy, he wangled generous grants from the Legislature, built up a maze of specialized colleges, upped enrollment from 3,000 to 7,000. But he made one major mistake. As virtual Governor during the fatal six-month illness of Wartime Governor Ernest Lister, he started to clean up lumber camps and trod on the toes of a lumberman named Roland Hill Hartley. In 1926 Hartley was Governor and Suzzalo found himself...
...result of the military defeat, King Fordinand was forced to abdiento, since the alliance with the Central Powers had been principally his undertaking. Under his son and successor, Boris, the Agrarian party rose to power. By 1920, Stambolisky succeeded in establishing a virtual dictatorship in his party, and in the next three years managed to alienate a number of important groups in the state. Since he was chiefly interested in the peasant proprietors, he became increasingly intolerant and oppressive of other classes...
Loudest whistles of all came from the crowd when the bids of American Air Lines' inscrutable Errett Lobban Cord were read off. On the set-up presented by Mr. Farley, Errett Cord had been expected to underbid the field, capture a virtual monopoly of U. S. airmail. Instead, he bid so close to the maximum on eight routes, that he was heavily underbid on all but the Newark-Boston run. He stood to lose even his old southern transcontinental route, having overbid his nearest competitor for half the run by 10?. Obviously fear of Cord competition had caused other...