Word: equalizes
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Dates: during 1930-1930
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Troubles of Hankow and the Communist army distracted world attention last week from China's other war, that of President Chiang Kai-shek fighting to maintain the Nationalist Government against the insurrection of the Peking warlords. Both factions, as usual, were claiming an equal number of victories, matching their toll of deaths and captures. Torrential floods actually stopped hostilities...
Bearish in the situation is unemployment in the building trades, now estimated at 37% against 16% last year. But a bullish sign is that while most building material is moving slowly, shipments of cement and fabricated steel have been nearly equal to last year...
...Cologne Gazette hailed M. Briand's idea ironically, prophesying that although the last thing France wants is revision of the Peace Treaties, nevertheless the European Union may lead to this. In his official reply Foreign Minister Dr. Julius Curtius began by saying that, "No other state experiences in equal measure as does Germany the defects in the existing structure of Europe." Declaring the situation created by the Peace Treaties "untenable," he called for "courageous reform" (i.e. revision) as a necessary prelude to formation of the European Union...
...Duce also urged that the defeated "enemy countries" (Germany, Austria, Hungary, Bulgaria) should enter the E. U. on "equal terms" with the victor states? that is, these nations should be permitted to re-establish their armies. This reply ranged Italy beside Germany in seeking revision of the Peace Treaties?a policy anathema to France. In Moscow the Soviet newsorgan Pravda, while appreciative of Italy's attempt to include Russia in the E. U., declared that, in view of the program of revision which Germany and Italy are seeking to force upon unwilling France, "the Briand scheme may be considered exploded...
Another plan for unemployment relief was outlined last week by Gerard Swope, president of General Electric Co. Its essence: when the company deems an "unemployment emergency" to have arisen in a plant, the employes of the plant pay 1% of their salaries into a fund, the company paying an equal amount. This fund is administered by an employe-company board, which pays to any employe who has been in the service of the company more than one year and who is laid off temporarily, half his weekly earnings?the total amount paid not to exceed $20 per week...