Word: laboring
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Dates: during 1930-1939
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With Secretary Morgenthau hunting a homeward boat from Oslo, Secretary of State Hull vacationing in White Sulphur Springs, Postmaster General Farley in Paris, Attorney General Murphy in Narragansett, Secretary of Labor Frances Perkins motoring in New England-and with Franklin Roosevelt in fog at sea (see p. 9)-these two politically young men (Hanes, 47; Welles, 46) last week met a war crisis full face...
...election, although he has lowered the Cambridge tax rate by 50 cents to $41 per thousand assessor real estate valuation, faces opposition on two fronts. The police force is down on him for closing the path to advancement for many years by twenty-one receipt promotions, and Labor is angry at his refusal, for obscure political reasons, to accept Federal money for building improvements...
...misdeeds by an appeal to patriotism that makes the eagle scream. By last week no capitalist had made public protest. But because the picture (possibly in an attempt to avoid the susceptibilities of warring union factions) shows the workers unorganized and misled by an outside agitator, organized labor's box-office pressure group, Film Audiences for Democracy, was last week threatening a boycott...
...Market? There were indications that Nazi deviltry was not wholly responsible for last week's bearish market. Stocks rarely go up when falling commodity prices reflect business unwillingness to bid for materials for future use. This unwillingness was already apparent by July 22 when the Department of Labor's wholesale price index fell sharply on its way to a new post-Depression low (74.8% of 1926), again in early August when both the Dow-Jones Index of future commodity prices and Moody's index of spot commodity prices slumped sharply...
...prices up (because Governments and corporations want essential supplies). London markets ran true to form last week; most commodities rose because of speculative war stocking (including heavy copper and rubber buying by Germany). Instead of following the pattern, U. S. commodity prices marched downhill like stocks (the Bureau of Labor Index remained at its low; Dow-Jones and Moody commodity indices each fell over a point). Something besides war fear was obviously at work...