Word: effect
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Dates: during 1930-1939
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Ahead the Treasury did not look just yet. The net effect of the 75th Congress' whopping appropriations and authorizations will not be known until it is seen: 1) how much more money will have to be voted for Relief after next March; 2) how far Government revenues fall in fiscal 1939 due to Depression II. (The Treasury's first guess, last week, was a decline of some 750 millions.) Last week President Roosevelt ordered the Treasury to undertake a tax study for the edification of the 76th Congress. In the next twelve-month the Treasury's deficit...
...losing to the U. S. Supreme Court, another New Dealer was promising the same kind of legislation to Pennsylvania. Last week Governor (and U. S. Senator-nominate) George Howard Earle, having partially made good with a 44-hour week law, passed in 1937, but never put in effect, encountered the as yet unreconstructed Pennsylvania Supreme Court...
...Pennsylvania employers and 1,500,000 male industrial workers (a separate Earle measure limits the work week of 800,000 women), the Earle law: 1) restricted the week to 5½ eight-hour days; 2) permitted so much administrative flexibility that the Pennsylvania Department of Labor & Industry could in effect write its own statute to cover individual cases...
Since then Dr. Compton, who has seven observation stations in his far-flung cosmic ray empire, has checked up on the variation. Another cosmic ray bigwig, Professor Manuel Sandoval Vallarta of Massachusetts Institute of Technology, calculated what it should be theoretically, after discounting the effect of the magnetic field of the sun. On making this correction, the observed variation was practically nil. Hence, Dr. Compton now prefers to believe that the cosmic rays come from within, not without, the Milky Way-that they whiz around inside it like rats in a trap, prisoned there by the gigantic magnetic field...
...Treasury Morgenthau preferred to regard bank regulations as safeguards for depositors. Last week, after hot & heavy debate, the four reached a compromise "through the usual democratic processes of give & take." The National Association of Supervisors of State Banks approved. So did Franklin Roosevelt. The new rules go into effect July first. Important changes...