Word: avoid
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Leon Henderson for the first time made public his utter dissatisfaction with the emasculated House price-control bill. To prevent inflation he said he needed at least two powers which the House refused him: 1) power to buy & sell commodities, (to avoid the "bulk-line," or one-high-price system of World War I); 2) power to license, without which "price control is virtually impossible where the number of sellers is large"-e.g., in the retail field...
...good reason for these how-to-make-money sessions. In automobiles, OPA's biggest aim is to reduce new car sales, thus save materials for defense. That is why it barred brightwork. Now it wants dealers to avoid any price-cutting that would boom sales...
...TIME, Feb. 26, 1940). J. P. Morgan incorporated to conserve the partners' funds against estate taxes, etc., and to enter the profitable trust-company field. Morgan Stanley enters a field that can barely sustain those already in it. But Morgan Stanley has a tax reason too: partnerships avoid the 31% corporation income...
...while their left hands have been putting the well-known thumb on labor, with their right hands the leaders of industry have adroitly been harvesting the increased profits of the defense boom while continuing to avoid major taxes. More flagrant even than that, as a minor speaker at the congress of the National Association of Manufactures threw in their faces the other day, the highly paid executives have been raising their own salaries. Admitting that his figures of 18 per cent salary boosts were "scandalous", the speaker, a Tennessee congressman, proceeded to leave the N. A. M. meeting...
More highly developed plans for future weekends were announced by the committee last night. Entertainment for the soldiers' stay will be outlined in greater detail to avoid dull moments and dancing, bowling, and beer will be included on the schedule...