Word: nra
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...cigaret code, lost in the White House office for days (TIME, Feb. 11), was found. Promptly the President signed it, bringing the big tobacco companies after 18 months' delay into NRA. Hardly had the President done so when William Green, who had just come off second-best in an argument with him, declared the A. F. of L. keenly disappointed that the minimum wage of the code was 25? an hour. One kick Mr. Green could not make: that S. Clay Williams, as head of NIRB and erstwhile president of R. J. Reynolds Tobacco Co., had been partial...
...Franklin the Good. To political realists, who try to regard him as a man and a maker of policies, he has given one shock after another, upsetting all attempts to identify him. In spring 1933 (banking crisis) they labeled him Man of the Hour. In summer 1933 (Economy Act, NRA) they relabeled him Man of Recovery. In autumn and winter 1933-34 (dollar devaluation; spending program) they relabeled him Man of Experiment. In the spring of 1934 (banking reforms; Brain Trust ascendancy) they relabeled him Man of Reform. Finally they began to record "swings to the right," "swings...
Bliven denounced the NRA as "the most painful and conspicuous failure of the administration," enabling manufacturers to boom prices out of properties to wages, thus weakening the nation's buying power and necessitating a drop in prices...
...this month entitled "Two Cases on Jurisdiction." This consists of notes on the decisions of the National Labor Board, and on the question of branch, group, and chain banking. The Labor Board, he says, will probably be continued by means of revision or even a constitutional amendment, should the NRA be declared unconstitutional. In regard to the banking situation, he reviews the almost universal legislation against branch banking, and contends that the bank panic of 1933 proved the advisability of the branch system...
Last week NRA released a steel study showing that U. S. steel now owns less than 40% of the nation's ingot capacity as against 45% 15 years ago. Its capacity was expanded 21% in that period but additions to other companies ranged from 49% for Bethlehem to 890% for Otis Steel. Some of the individual gains were the result of mergers but fact remains that smaller, more flexible units have the advantage over brontosaurian U. S. Steel...