Word: lax
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...brought the first real signs of action by the Administration on a new food & drug law. The Senate Commerce Committee reported out a bill which was much less than Dr. Tugwell and Mrs. Roosevelt had originally planned, but much more than the makers and merchandisers of Ovaltine, Listerine, Ex-Lax, Sal Hepatica, Vicks, Fleischmann's Yeast, Aspirin, Pepsodent, Danderine, Vitalis, et al. cared to accept voluntarily. And President Roosevelt prodded Congress on to action with a special message...
...gold cover behind French currency stood at over 80%. Even so, psychological pressure was great. After-effects of the French crisis fortnight ago kept the currencies of four gold bloc countries (France, Belgium, Netherlands, Switzerland) fractionally below the gold export point all week. President Roosevelt, by relaxing completely the lax treasury restrictions on export of U. S. capital, convinced Europeans that the U. S. is now a better place to which to send their money than heretofore...
This must not be construed as a defense of boring, technical lectures, for interesting lectures must always be the aim of all good teachers. Rather it is a criticism of the lax and unintellectual way in which many elementary courses are run. The subject matter of every course should be treated completely, profoundly, and without any attempt at sugar-coating or popularizing at the expense of intellectual understanding...
Seniors, after being more or less exposed to the influence of the tutorial system for three years are more than loath to take up once more the assigned application of a science course. Few indeed there are who have been lax enough to let it slide until then, but those few who have done so, would, at this time in their college career, shout hosannas if they had been required to pass off the requirement when their minds were still freshly imbued with prep school parlance...
...catch-all investigation threw new light not only on the profits of brokers (see p. 66) but also on closed Cleveland banks. For the failure of $250,000,000 Union Trust Co. and $148,000,000 Guardian Trust Co. Ferdinand Pecora's staff blamed: 1) mismanagement; 2) a lax-Ohio Banking Department; 3) evasions of the spirit of the law. The investigators declared that Guardian Trust was "hopelessly insolvent" a year before it was closed by the banking moratorium, never to reopen, that it "has never published a statement of condition which has shown the true facts." Last month...