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Another of M. Doumergue's decrees will trim salaries on a sliding scale. There will be a 20% cut for President Lebrun, 15% for the Cabinet. 10% for all salaries over 100,000 francs. Even 12,000-francers will lose 5% of their small wage. The Cumul will be...

Author: /time Magazine | Title: Foreign News: End of the Cumul | 4/16/1934 | See Source »

Ever since then veterans and government employe lobbies have been busy trying to induce Congress to turn back the new leaf. Little by little, the President gave ground to forestall Congressional revolts. His regulations were liberalized and more & more veterans were permitted to remain on the pension rolls with the...

Author: /time Magazine | Title: THE CONGRESS: Indian-Giving | 4/9/1934 | See Source »

Last week General Electric's President Gerard Swope, author of many an industrial plan for social betterment, announced a prospective profit-sharing program for General Electric's 50,000 workers. For the past 17 years ending in 1932, 30,000 workers have received a 5% bonus. Hereafter each...

Author: /time Magazine | Title: Business & Finance: Wrigley Plan | 4/9/1934 | See Source »

3) "NRA is to set up within 24 hours a board, responsible to the President, to sit in Detroit to pass on all questions of representation, discharge and discrimination. Decision of the board shall be final and binding on employer and employes. Such a board is to have access to...

Author: /time Magazine | Title: LABOR: Quadruple Saving | 4/2/1934 | See Source »

Deep in the earth's crust along the Gulf of Mexico are huge knobs of pure salt. In the tortured strata around these salt domes are often found fabulous pools of petroleum and the world's richest sulphur deposits. Water heated under pressure to 330° is forced...

Author: /time Magazine | Title: Business: Brimstone Business | 4/2/1934 | See Source »

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