Word: sec
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Dates: during 1940-1949
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...crowded room in Washington, the Securities & Exchange Commission tried to unravel a mystery: Why had Financier Cyrus Eaton suddenly called off a deal to sell $11.7 million in stock for his old friend Henry Kaiser? This week, after two weeks of hearings, SEC had the inside story from Henry and Cy of the fiscal shennanigans that had set the old friends a-feuding...
...matter of fact, LeCorbeiller's eyes grow a little misty when he reflects, "America is the country for General Education par excellence. I sec a tremendous opportunity for adult education here...
...reputation for its unquenchable jumbo and before the war, Houses would compete to chug-a-lug the fastest. Holding ten regular beer glasses, the jumbo provided a nightly chance to manipulate the esophagus against a stop-watch, and the takers were many. The present record is 2 min. 3 sec. and the contest is still open; but the jumbo is as big as ever. Interest has slackened a bit now the required deposit is up to $5 but the College thirst for beer hasn't diminished. Wartime dissatisfaction with 3.2 sent veterans skipping back...
...first official slap at the ingenious new method of raising money which had bobbed up, via newspaper advertisement, in several U.S. cities. All of the schemes involved U.S. bonds and the same "money-back-in-ten-years" guarantee, plus the prospects of profits on the loan. But SEC's action in Philadelphia would not necessarily put a crimp in them. Two other money-raisers in New York got around SEC by filing details of their schemes (registering) with the agency. So long as they told all the facts, SEC could do nothing to stop them...
Building Up. U.S. business, said SEC and the Department of Commerce in a joint study, expects to spend $4.1 billion on new plants and equipment in the first quarter of this year. This is 30% more than was spent in the corresponding period last year, and 80% more than in 1929, the highest prewar year...