Word: aug
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Dates: during 1930-1939
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...When able 64-year-old Frank Ramsay McNinch was appointed temporary chairman of the Federal Communications Commission last August (TIME, Aug. 30), told to set it in good order, observers who knew McNinch wondered how long it would be before feathers began to fly. Last week they flew. As organized heretofore, the FCC consisted of three principal departments-Telephone, Telegraph and Broadcast, each with its own $7,000-a-year director. In Washington last week, Chairman McNinch announced that henceforth the seven-man commission would function as a single unit. Said he: "It is a cause of regret...
...musicians who play directly over the radio. President Joseph N. Weber of the American Federation of Musicians had threatened a music strike if broadcasters did not hire enough new musicians to bring total expenditures for radio music from $1,500,000 to $5,000,000 a year (TIME, Aug. 9 et ante). As members of the National Association of Broadcasters, the 250 station representatives last week agreed in principle to President Weber's demands, offered to hire 3,000 more musicians than at present and, for two years at least, spend $3,000,000 on music each year. President...
...most original attack upon the New Deal since the current market crash began. In a concise analysis of the situation which warmed the hearts of Wall Street, Banker Aldrich repeated and amplified the assertions made by President Gay of the New York Stock Exchange two months ago (TIME, Aug. 30). Said Banker Aldrich...
...around such) formidable obstacles as reports of record farm income for 1937, miscellaneous bullish statistics, encouragement from the Federal Reserve Board and optimistic comments by Governmental bigwigs. Last week, having dropped a breathless 55 points from the summer peak of 190 set by the Dow-Jones industrial averages on Aug. 14, the market did a graceful telemark around still another formidable obstacle-prosperous third-quarter earning statements...
...refiners at artificial prices; 2) selling gasoline to jobbers under long-term contracts in which price would be determined by the average of the spot market prices published in the Chicago Journal of Commerce and Platt's Oilgram; 3) taking "distress" (i.e., excess) gasoline off the market (TIME, Aug. 17, 1936). Result, according to the jury, was severe losses to jobbers and independents...