Word: effective
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Dates: during 1930-1939
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These threats had little effect last week in Rome, where it is well known that the Cerbère-Portbou frontier was already open to everything that Leftists could pay cash for. Italy also feels that French and British public opinion -will not yet stand for open intervention. Instead Italy insisted on discussing recall of volunteers not at a three-power conference but before all 27 nations of the impotent Nonintervention Committee, including Italy's ally Germany. Britain and France were forced to agree. Lest this sound like too much of a blow to British prestige Foreign Secretary Anthony...
...recent drastic decline in stocks, on a very moderate volume of selling, reveals an impairment of the efficiency of the stockmarket that calls for prompt correction. This impairment is to be explained as the cumulative effect of a variety of recent governmental policies, many of which can and should be modified without abandoning the underlying policy of eliminating abuses from the securities market. The tax on capital gains at high bracket income tax rates can be changed to a low rate flat tax with positive gain in revenue to the Treasury. The rule regarding trading by insiders can be modified...
...established dual (state and national) banking system. Last week a few of them took the step of hiring separate headquarters but further separation was unnecessary, for the big branch banks yielded without a struggle. Instead of a constitutional change, however, they deftly compromised on a resolution to the same effect. This was accepted by unit bankers as a complete victory for their views, but few observers believed the hatchet was thus buried forever...
...bred a spirit of indifference, of a kind of local pride which is not a pride of accomplishments, but a pride of position. Affiliation would serve not only to aid other student unions which have such positive grievances as compulsory miltary training, to profit from their work, and to effect cooperation on national programs, but it would be a step towards reasserting Harvard's responsibility and interest in national and collegiate affairs...
...Resolved: That the Harvard Student Union strongly urge the next National Convention of the American Student Union to amend the American Student Union constitution to the effect that: The National Executive Committee take no major action and express itself on no major issue until given explicit permission by the National Convention or the member chapters through referendum...