Word: hoarding
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Dates: during 1940-1949
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...Industry Case. But coal men refuse to become excited over Washington's cries of shortage. They regard the warnings as invitations to hoard, and contend that there is sufficient coal to go around, with careful management. Their main fact: despite strikes, slowdowns and shocking absenteeism (up to 29%), 408,000,000 tons of bituminous coal have been mined so far his year (7,500,000 more than a year ago). The industry is within striking distance of its 600,000,000-ton quota. Anthracite coal production is also above a year ago. To worry warts, brooding over a chilly...
Talking down or ignoring the objections, Mrs. Rosenberg ordered the plan into effect last June. The results: heavy industries are now getting the workers they need, are back on production schedules. Airplane plants, which are usually on a cost-plus basis and thus might as well hoard labor, since Uncle Sam pays the bill, learned to get along with fewer workers, and to utilize them better. Neither management nor labor likes the Buffalo plan in principle. Both still writhe under its straitjacketing. But few will not admit that the plan has worked...
...stand relatively still. But no economist has brought forth a solid plan to reduce it. One thing this quarter's figures showed: even with no increase in nonwage income, the increase in wage-and-salary "gap money"-$17 billion-would still have added mightily to the hoard that threatens uncontrolled inflation...
...plan. Under the new gold requirements, a dead-broke, gold-barren postwar nation, such as a reconstituted Austria or Czecho-Slovakia, would find it impossible to participate in the plan, unless the U.S. lends them the necessary gold, in effect underwrites the fund from its $22 billion hoard...
...castigate farmers who hoard their grain for higher prices, the Kansas City Grain Market Review last week turned to the Bible, dug up a dire admonition: "He that withholdeth corn, the people shall curse him; but blessings shall be upon the head of him that selleth it." (Proverbs...