Word: flaying
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Dates: during 1940-1949
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From a professional standpoint TIME'S report of the Senate's stand is as narrow as any piece of reporting I've ever read in any issue of any publication. TIME has entirely too much influence to indiscriminately flay the Senate on so vital an issue-unless TIME wishes to support its capitalistic advertisers rather than its peace-loving readers...
...Deal's Public Utility Holding Company Act of 1935 is a knout which can be used to flay the backs of investment bankers holding controlling blocks of utilities stock. The act's description of a holding company fits any investment house which directly or indirectly controls more than 10% of a utility's voting stock. Such a house feels the knout until: 1) it gets rid of its holdings; or 2) registers as a holding company, thereby submitting to SEC regulation, a penitential hair shirt which no investment banker wants to wear...
Professor Flay will discuss the Versailles Treaty in the opening address of the School...