Word: discountable
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Dates: during 1930-1939
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...frank attack on both the methods and the aims of the New dealers. Mr. MacDonald, of course, is not against recovery, but he is opposed to the founding of an un-American "collectivist" system of government, one that seems to point either to fascism or communism. He inclines to discount most of the good results of the New Deal either as "artificial" or on the grounds that they were inevitable or (as he rather convincingly points out in several instances) had already been put in operation by President Hoover. While he at no point attacks President Roosevelt and in fact...
...benefit from Mr. Darrow's findings lies in the fact that they have brought the problems of the NRA before the country in a provocative fashion. Unfortunately, he has done it in such a way as to discount his revelations immediately. Although Mr. Darrow has obviously gone beyond his province, it is difficult to realize why Mr. Roosevelt appointed him. In short, he has gone a long way to destroy helpful criticism in its effectiveness...
...choosing a career, however, is much more than knowing the requirements for certain positions. It is a two-fold problem. First of all, to be sure, the man must find out what the requirements are, but that information is not difficult acquire. The caused phase involves the discovery the discount of his own talents and a choice coinciding with them. The Choosing- a- Career Conference" provides admirably for the first part of the problem, but the more difficult second question is still left hanging...
...transferring marks out of Germany. All big banks with German connections know how to wangle marks into dollars, francs or pounds but the process (quite legal) is a deep trade secret and each bank has its own system. Highly involved, it usually entails purchasing marks at a big discount from holders of frozen credits, then selling the marks to people who are forced to buy or travel in Germany. But Messrs. Wreszynski & Norris will pay more for their marks than legitimate bankers, sometimes 2%, sometimes 10% they say, depending on the individual deal. Last week Manhattan banks which furnish...
...another bill which the Administration has been working on for weeks: to lend money directly to business without making the U. S. Government a full-fledged banker. It would set up twelve intermediate credit banks one in each Federal Reserve District, operating under Federal Reserve charters and authorized to discount or purchase long-term obligations issued by businesses to procure working capital. Banks and other institutions which sell such securities to the Intermediate Credit Banks would have to bear at least 20% of the losses...