Word: virtualization
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...Prime Minister invited a confidence vote of which the result might be to spend $1,500,000,000 as rapidly as possible for further Armament, or to spend immensely more, should His Majesty's Government think best. The White Paper was a bid to be accorded virtual carte blanche-billions for Armament, and no questions asked. In the words of the paper: "Any attempt to estimate the total cost of the measures described would be premature...
...Boers, sole white rivals to English supremacy. Foiled by the stolid smugness of Boer President Oom Paul Kruger (Oscar Homolka), Rhodes allows himself to be persuaded into using force. The resulting fiasco of "Jameson's Raid" forces him to resign all his high positions, lose his virtual dictatorship. Unbowed by defeat, he admits the wrong, dies quietly just as the Boer War is bringing true the Union of South Africa he always sought...
...fast as any individual investor, a terrific public revulsion occurred. One result was the quick growth in the first years of Depression of the so-called fixed trust, an institution in which securities were bought & sold by an inflexible formula. In its early form the fixed trust offered a virtual guarantee that securities would be sold for less than their purchase price because the trust agreement usually provided that stock could be disposed of only after dividends had stopped. Meantime, general management trusts were so unpopular that their stocks frequently sold at 50% of their asset value, indicating that people...
...Fels's corporate reticence is largely modesty. Born in Yanceyville, N. C. 76 years ago, he got into soap when the soap works was next to the local slaughterhouse. Fels introduced naptha into the soapmaker's art in the 1890's, still has a virtual monopoly on naptha soap...
Turning to agriculture, the Chicagoan attacked the proposed farm bill now pending in Congress as "Just another way to get around the Supreme Court decision invalidating the A. A. A. The new bill gives a virtual blank check to Secretary Wallaco to continue his economy of scarcity...