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...three deep-water naval stations of Lough Swilly, Bere Haven and Cobh (Queenstown) which since 1921 have been maintained on Irish soil. 2) The six-year-old dispute over land annuities (guaranteed absentee Irish landlords by Britain after their estates were expropriated) is to be settled by the lump payment to Britain of $50,000,000. 3) The two nations agree to raze their retaliatory tariff walls built up since the land annuities squabble began in 1932. The pact will go into effect as soon as it is ratified by both Parliaments, will run for three years...

Author: /time Magazine | Title: EIRE: Shillelagh Buried | 5/9/1938 | See Source »

Modern psychology leans to the theory that the human mind is a piece of machinery, which can be measured by the way it acts on raw material. Thus the psychologists feed into the machine a set of questions called an intelligence test, lump the answers together as one product and weigh it, labeling the weight the I. Q. But one school of psychologists, believing the I. Q. is too crude a measure (like lumping apples, oranges and bananas all together and calling them fruit), has been trying to break up the mind into its separate parts. Last week the most...

Author: /time Magazine | Title: Education: Mind Cracked | 5/2/1938 | See Source »

...rumored to disapprove and Senator Pat Harrison was noncommittal. Nonetheless, Congress likes to spend money, particularly in election years and the program was shrewdly divided so that every State and section could be sure of a fat share. In the last depression Congress habitually gave the President lump sums to spend as he wished. Best guess last week was that Congress would indeed give the President what he wanted but this time with more specific instructions as to precisely where and how it should be spent...

Author: /time Magazine | Title: National Affairs: Message | 4/25/1938 | See Source »

...labor costs rise too fast last spring? Many firms were in a position to raise wages in 1935 and 1936; it was questionable judgment to postpone wage increases until the last minute and then try to absorb them in one lump. During downswings people speak of cutting wages, but they seem to forget to raise them during recovery...

Author: /time Magazine | Title: Business & Finance: Economics 2A | 2/28/1938 | See Source »

About the time that Peter Stnyvesant's $24 island and began to realize there was something west of the Alleghenies other than a horse trading center on the Mississippi and one or two gold fields in Alaska, Americans carried a jack-knife a lump of wax, and a package of miscellaneous stamps for trading purposes in their pants pocket, bought a Tootsic Roll at the corner store, and went to "The Great Train Robbery...

Author: NO WRITER ATTRIBUTED | Title: The Vagabond | 2/12/1938 | See Source »

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