Word: nra
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...half-dead heavy industry by setting up the National Housing Administration which by year-end had induced householders to spend $100,000,000 on home renovation. But the Federal Reserve's latest index of industrial production stood at 74%, almost the exact level of a year earlier, while NRA, without last year's Man of the Year Hugh S. Johnson, broke like a wave on the beach; its price-fixing efforts abandoned; its collective bargaining feature challenged in the courts; its funeral oration read by Alfred P. Sloan of General Motors: "Today the magic possibilities of industrial regimentation...
Poorman Fred C. Perkins, maker of automobile batteries in a factory shed at York, Pa. was fined $1,500 because he could not afford to pay 40? an hour wages commanded by the New Deal's NRA...
Research Economist Lewis L. Lorwin of Brookings Institution: "In relation to labor the NRA may be said to represent a bundle of missed opportunities, halfway compromises and unpremeditated achievements...
...less wholesome Children's Hour (TIME, Dec. 3). Birthday boasts a stageful of convincing actors. As Irene. Antoinette Cellier repeats her London success, is a properly moody adolescent. Producers Harmon & Ullman have provided a fairly credible London scene which will be completely so when they tear the NRA label out of Baba's school coat...
...George F. Johnson. With an enlightened paternalism rare in the early day of Big Business, President Johnson spent millions on his workers' welfare, shared earnings with them, paid their hospital bills, gave them swimming pools, merry-go-rounds, tennis courts, called them by their first names. When NRA came to Endicott he was paying his 19,000 workers double the minimum wage. His workmen parade the slogan: THE NEW DEAL IS THE OLD SQUARE DEAL OF GEORGE...