Word: squeezees
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> Aware of the squeeze on canners, New York's Governor Thomas E. Dewey allotted $200,000 to spread instructions on home canning throughout the state to preserve a maximum amount of food. Also before Governor Dewey was the report of his Emergency Food Commission. Gist of the report: the...
The Pros. The pro-subsidy argument is short & sweet. When there is plenty of money but a scarcity of goods, prices will go through the roof unless controls are applied. The controls must not cut down production or squeeze too many people out of business. But when selling prices are...
The Government is already paying out some $700 millions a year in subsidies to meet special situations. Examples: to encourage copper production; to pay the excess cost of moving oil east by rail instead of by sea. The present big squeeze results from the pressure that skyrocketing wages and farm...
> With a hard squeeze on, subsidies are the only way a lot of price ceilings-let alone price rollbacks-can be made to stick OPA has some $400 million of RFC funds to draw on. But Congress, led by the farm bloc, is so dead set against subsidies that it...
The same squeeze play occurred in the last war, but that time Elder Statesman Bernard Mannes Baruch pulled a shrewd counter-squeeze. After he persuaded the U.S. Treasury to stop shipping silver (to bolster India's currency), burlap prices came down in a hurry. Burlap importers-and their bagless...