Word: gist
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Dates: during 1930-1939
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Often and earnestly did President Roosevelt talk about prices during the early years of the New Deal. In those days the gist of his press conference remarks was that prices were entirely too low. Last week after prefacing pronouncements from two of his most trusted ministers, Secretary of Agriculture Wallace and Chairman Marriner Stoddard Eccles of the Federal Reserve Board (TIME, March 29), President Roosevelt declared that prices-at least of certain durable goods-were entirely too high. As a corrective the Government would drop its hitherto basic policy of stimulating heavy industry, direct its spending toward consumer industries...
...gist of the matter," he said, "is that it is difficult for a socialist government to devaluate; for if devaluation is to be successful, wage increases of large proportions should not be encouraged; and the influx of capital which is very helpful, if not absolutely necessary, is not forthcoming...
Last week Harvard's Student Council had something to say on the subject. From 1,300 replies to a questionnaire sent students last December, asking data on their relations with tutoring schools, the Council issued a twenty-page report. The gist: "Tutoring schools have grown out of their proper place, and are a corrosive influence on Harvard's educational standards...
...faced with having to decide his next big move in Spain-either intervention whole hog, or scuttle-and in Berlin foreign envoys were secretly tipped by Foreign Minister Baron Constantin von Neurath who emphasized, "I am speaking for the Chancellor." His exact words were not published but their gist was a declaration that Germany will not permit the establishment in Spain of anything resembling Soviet rule, and demands of Britain and France that they state whether they are for or against the creation of a Soviet Spain...
...GIST LESESNE...