Word: doubledealing
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Japanese rule in Formosa was a model of colonial exploitation. They developed an irrigation system so that water falling during the rainy season could be stored for use in dry periods, extended it to cover two-thirds of Formosa's arable land. Under Japanese guidance, Formosa's annual...
Other big companies followed suit. U.S. Rubber tacked a 25? extra on its regular 75? dividend; International Paper gave its shareholders a 25% stock dividend plus 75? in cash; U.S. Gypsum doubled its $1 quarterly payment. By midweek this flood of dividends had stimulated another upsurge in the stock market...
In the global scramble for strategic materials, Russia last week grabbed with both hands. In Singapore, the Soviets bought rubber by the shipload, sent prices bouncing up almost 6?a pound in one day to 52.5? a pound. As a result, rubber also rocketed in New York-to 54.3? a...
With a shortage of cars already pinching some sections of the U.S., Iron Age has predicted that the U.S. faces "a serious car shortage, potentially the worst in history." Chief reason: the supply of freight cars has not kept pace with the nation's growth. Though the gross national...
Last week Harry Truman asked that the 1951 stockpile appropriation be more than doubled (to a $1.1 billion total*), and this time there was a possibility that the country might get a stockpile without strings that became chains.