Word: nra
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...cannot do this one way, we will do it another. Do it we will." President Roosevelt squared off at critics of his recovery program like Keith Neville of Nebraska (see p. 11). "Ninety per cent, of complaints come from misconception. For example, it has been said that NRA has failed to raise the price of wheat and corn and hogs. . . ." He reminded people that the "pillars" of recovery were the NRA for industry, the A. A. A. for agriculture. Another pillar, "the money of the country in the banks of the country," was the subject of his unexpected, newsmaking conclusion...
...invoice cost plus 10% (the section opposed by President Percy Straus of R. H. Macy & Co. and by consumer organizations- TIME, Oct. 16), the President inserted a provision merely prohibiting sales at less than cost. This, General Johnson explained, was to prevent farmers from complaining that the NRA arbitrarily raises the prices of the things they buy. In the draft the President signed, almost one-third of the nation's 1,500,000 stores, those stores employing fewer than five persons in towns of 2,500 or less, were exempted from the re-employment agreement...
...cotton textile industry took a new departure when it decided to regulate production from within by delegating to NRA the power to register all manufacturing equipment, to grant permission to any manufacturer who wished to install additional productive machinery...
...York Herald Tribune, Pundit Walter Lippmann wrote an editorial-of-the-week called "The Pace of Things." "In our domestic affairs,'' said he, "we have indulged heavily in calendar-worship. In Washington, for example, the administration of the NRA has been beset by a kind of breathless anxiety that certain definite results had to be achieved on a particular day. There had to be x million men at work by Labor Day. There had to be x million more by the New Year. . . . Even the Dictatorships, where everything is done so lickety-split. have allowed themselves...
...Recognition of Russia is a vital factor in the success of the NRA. The Recovery Act is now limping along because of its inability to revive the capital goods industries. If the United States recognizes Russia, a ready and expanding market for machinery and building materials will be opened. For this reason alone, Russia should be recognized...