Word: crackdowns
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...roost as the U. S. Department of Justice, acting under the Sherman Anti-Trust Act and quoting Mr. Zukor's words, brought suit against him and almost every other bigwig in the cinema business. But, vast as this trust-busting procedure appeared, it was no New Deal crackdown in the manner of those launched against the oil, aluminum and automobile-finance businesses. Instead, in an unprecedented apology and explanation attached to its complaint, the Government took the manner of a family dentist remarking, as he starts extracting a sore tooth from a small...
...Declared a truce with Wall Street. SEC Chairman William O. Douglas announced in Manhattan: "The day of the crackdown on Wall Street is over. . . . The prosperity of the New York Stock Exchange is not incompatible with the national welfare." As a basis for further reform by the Exchange, Chairman Douglas and acting Exchange President William Martin Jr. drew up a "round table" of Exchange and SEC members to discuss: i) problems of floor administration such as the question of segregation of broker and dealer activities; 2) increasing the amount of bond trading on the floor; 3) commission rate revision...
Millions of Mexicans honestly believe their Government's expropriation of $400,000,000 worth of U. S. and British oil properties is approved in the White House as a justified crackdown upon Capitalist gringos. Britons do not take so easy a view of the matter, and suddenly last week the British Government sent a third note of stern protest. London papers called Mexican President General Lazaro Cardenas a "bandit." After hours of rapidly worsening relations, the envoy of Mexico in London and the envoy of Britain in Mexico City were withdrawn by their respective Governments, together with their whole...
...polls there would be rather better than a bare majority of votes for installing an Austrian Nazi Cabinet which in turn would merge Austria with Germany. Given last week this situation of pent-up Austrian politics, given Herr Hitler's need of a spectacular success to cap his crackdown on the German Army fortnight ago, and given Herr von Ribbentrop's reputation for sticking at nothing, only one thing more was needed to make Adam's apples bob in Austrian throats. Also at the snuggery, panicky Austrians learned, was the German who was suspected...
...reported that control had returned across the Hudson River to New Jersey, that after a cleanup the bank would apply for reinstatement. Financially, the whole affair was distinctly small time. Bergen Trust's deposits were about $1,000,000. But FDIC's crackdown did remind bankers that its supervisory function is almost as important as its insurance function. After a warning a bank is allowed 120 days to mend its ways. Some 50 institutions have been warned in the past but all except Bergen Trust complied with FDIC's demands before the deadline...