Word: leas
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...Lawrence known as the International Rift, through which runs the U. S.-Canada boundary line. Each with his right hand clutching one grip of an enormous pair of shears, they snipped a gaily fluttering ribbon. The first Thousand Islands International Bridge, from Collins Landing, N. Y. to Ivy Lea, Ont., was officially open...
...since Franklin Roosevelt began his vigil over business morals, FTC has disposed of twice as many com plaints as in the previous five years-and the commission has been rewarded for its vigilance: 1) the 1936 Robinson-Patman Act extended its jurisdiction over price discrimination; 2) the 1938 Wheeler-Lea amendment to the original Federal Trade Commission Act relieved it of the necessity of proving that unfair trade practices injured competitors and allowed the commission to go to court to obtain remedies; 3) this year the Government provided the commission with a new home...
...Black inquiry came the first serious move to centralize regulation of aviation. Silvery Nevadan Pat McCarran wrote a Senate bill to place full control of the industry with the I.C.C. Year later, in the House, California's Clarence Lea offered a bill to create an independent Government bureau for aviation. Until the last Congress, neither bill had been able to make much headway. Both the Post Office Department and the Department of Commerce's Bureau of Air Commerce stood to lose firm political footholds if the centralization move succeeded. But this year the proposals were revived, promptly...
While everybody in the air transport business knew that the new act was far better for all concerned than anything previously devised for air industry control, they knew, too. in the words of Eastern Airlines' plain-talking War Ace Eddie Rickenbacker, that "the McCarran-Lea act will be only as good as the men who comprise the board...
This year, storm clouds again began to gather. With a new Depression, Franklin Roosevelt took to grousing about the rigidity of steel prices. The Federal Trade Commission launched an attack on the basing-point system used by the cement industry (TIME, April 25). Then came the Wheeler-Lea Act which had a minor clause making all unchallenged past orders of the FTC automatically effective unless the respondents filed an appeal before May 21. Recalling that FTC's order ending "Pittsburgh Plus" had never been challenged, since the company consented to the action, Big Steel hastened to file an appeal...