Word: basic
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Dates: during 1930-1939
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Wages. The roads, though laying off "many thousands" of workers, have maintained basic wage scales, as promised President Hoover. Any move to reduce wages would require "the long procedure of conference and arbitration" under the Railway Labor Act. The results of such negotiations would be too belated to help the carriers in their present emergency...
...budget is rejected by Parliament-which almost never happens. Therefore when Hon. Mr. Bennett rose to speak in Ottawa last week he held in his hand the fiscal fate of Canada. Bang-he upped letter postage between Canadian cities from 2? to 3?! Bang-up went the Canadian basic income tax from 8% to 10%! Bang-the sales tax quadrupled from i% to 4% ! Bang, bang, bang-spectacular is the exercise of a British Finance Minister's power...
...great mathematicians (like M. Henri Poincare) who have applied their minds to games of chance know, the typical gambler plays a "system" which is either quite nonsensical or so involved that its basic worthlessness is well concealed by complexities which have an air of being profound. There are three sure ways to win at baccarat: 1) deliberate cheating by sleight of hand in drawing a card; 2) marked cards; and 3) a prepared deck introduced by a confederate croupier into the "shoe" from which cards are drawn. Before the War an Italian gang made a big haul at Monte Carlo...
...days later he made a radio speech telling of prosperity soon to come. At the Council he spoke once more. Waving the Tariff debate aside as "academic," he insisted that commodity prices must rise before recovery, but that "no one contemplating the vast resources of the United States, the basic soundness of our institutions . . . can have any doubt that we possess within ourselves the power to lead the world in trade recovery." These two ideas were incorporated in the Council's resolution. And as the Council adjourned Mr. Farrell made the additional statement that the resolution will mark the Turn...
...about one a week. On the other hand, occasional tests are of value if only for the fact that they prevent a student from dropping too far behind in his work, and thereby alleviate the cramming so often otherwise essential before finals. More important than that, and a more basic reason for their existence is that they allow him some standard upon which to continue his work. With this as a foundation, undoubtedly the most satisfactory system, under present educational methods, is to have a minimum number of hour examinations, which will test not the amount of work done...