Word: actes
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Dates: during 1930-1939
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Last week organized labor in the U. S. suddenly massed in a concerted attack on a major Administration enactment. Conservative A. F. of L., liberal C. I. O., radical Workers Alliance all rose up in arms against the 13O-hour provision of the new Relief act. They explained it was a strike against Congress, a belated lobby against a new law, but the fact remained that the 130-hour rule was written into the act at the express request of President Roosevelt's new WPAdministrator, Colonel Francis Clark ("Pink") Harrington. And Franklin Roosevelt was on record, since as early...
...President Roosevelt conferred with tax experts from the Treasury and both houses of Congress to plan anew survey of the entire Federal tax structure, as a basis for next year's revenue act. Approved in principle by Mr. Roosevelt is broadening the income tax base (by lowering exemption) so as to bring in five or six million new taxpayers. Other features of the Treasury's tentative plan: increasing rates in the $10,000-$50,000 income brackets; lowering the maximum surtax from 75% to 60%. In charge of the new tax study: Representative Jere Cooper of Tennessee...
...beaten Republicans and hard-money Democrats were left with nothing to show for their pains except a remote legal cloud hanging over the act. Since it was an act only to extend that which died before the act was passed, could the act resurrect the dead? Attorney General Murphy ruled it could and Franklin Roosevelt signed the act determined to conduct the nation's monetary affairs on that assumption. Republican Senators Taft and Austin argued to the last that no resurrection was possible, but had to admit the only way to prove their point was by a court review...
...will put into effect its "Jackie Coogan Law,'' by which the courts will set aside half the cinema earnings of minors in a trust fund protected from their parents. Approved last week by Superior Judge Emmett H. Wilson was the first contract written to conform with the act, between Universal Pictures and 16-year-old Deanna Durbin. Cinemactress Durbin's earnings in the next five years will total...
...wasted a second look at bonds of the tiny Philippine Railway Co., sick sugar-hauling road on the islands of Panay and Cebu. Selling around $11, the $8,549,000 issue was about to mature, apparently a total loss to U. S. bondholders. Then came rumors that Washington might act, that the Philippine Commonwealth would redeem the issue at $65. Bonds shot up to $31 in January and February as speculators bought for the rise, crashed when President Manuel Quezon denied his Government was buying them. Smelling a rigger, SEC investigated, found the flurry had cost speculators about...