Word: virtualization
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...week's treaty practically brings Eire into the British Empire's Ottawa tariff group, provides that all Irish goods enter Britain duty-free while only certain British goods have the same privilege in Eire. The only ones who had no reason to acclaim this re-establishment of virtual free trade with Britain were the owners of scores of new factories which shot up in Ireland behind the tariff walls. Eventually, most of them will probably be forced into bankruptcy...
Commander Rosendahl published a 431-page, ably projected defense of airships in commerce and war.* Of helium, Commander Rosendahl wrote: ". . . It appears that nature has so bounteously endowed the United States with helium supplies as to give us not only a virtual world monopoly but also a supply that will be practically unlimited for generations. It now remains to be seen whether we shall take advantage of this God-given situation and utilize our boundless supply of helium . . . in airships for our national defense and for carrying our mail, merchandise and passengers through oceanic airlines all over this globe...
...Alleghany Corp., another holding company which owns 71% of its stock. Last year, after the Vans had died, the chief backer of their declining years, Glass Tycoon George A. Ball, sold 46% of Alleghany Corp.'s common stock along with some real estate to a trio of virtual unknowns for $6,375,000 ($4,000,000 in cash, rest in notes). This trio consisted of two Wall Streeters. Robert Ralph Young and Frank Frederick Kolbe, and Allan Price Kirby, son of one of the F. W. Woolworth Co. founders. Admitting that they were "babes in the woods...
Fish said the President "has an obsession for power that amounts to a virtual passion and a consuming appetite that keeps demanding more and more from Congress. President Roosevelt has had far more power than any other president, yet he is solely responsible for the present depression...
...outdone by Secretary Hull, Secretary of the Interior Harold Ickes last week also found means to rebuke Nazi Germany, also presumably with Presidential approval. Last month, the State Department approved shipment of 2,000,000 cu. ft. of helium gas, on which the U. S. has a virtual monopoly, for commercial use in German Zeppelins. In Washington, Secretary Ickes, charged with exacting a German guarantee that the gas would be used only for peaceful purposes, let it be known that he was holding up shipment because he could find no way of drawing up a sufficiently watertight contract...