Word: programming
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Dates: during 1930-1939
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...Everybody knew which way we were going. . . . Yet there were men . . . who tricked the voters by wearing our insignia, only to turn against us as soon as they got in office. . . . Even while they hacked away at the foundation of the program with one hand, they were patting the President on the back with the other, protesting to the voters that they were really good Democrats . . . like the young man who abandoned his father and mother and then asked for public sympathy on the ground that he was an orphan...
...economists heard nothing the London Wheat Conference had not heard six weeks before: 1) to keep its "fair" share of the world agricultural business, the U. S. is prepared to take "aggressive action"; 2) the world would be a whole lot better if every nation had a crop-control program. Export subsidies Secretary Wallace blithely dismissed as a "type of economic warfare," which may be justified "in certain emergencies" under "exceptional and compelling circumstances...
Meanwhile, with no explanation except that it was following the Canadian subsidy program, AAA started Federal Surplus Commodities Corp. on a wheat-buying spree. FSCC will buy 100,000,000 bu. around prevailing prices (62?), dump it abroad for whatever it will bring. Estimated cost: $25,000,000. Although Chicago prices shot up 3? a bu. as short holders ran for cover, likely ultimate effect of the dumping program will be to depress already-depressed world prices...
Destiny of the exported wheat is still undetermined, though presumably it will be sold in China, Great Britain, The Netherlands. Likewise uncertain is the method of making the program jibe with Secretary of State Hull's reciprocal trade agreements. Asked at his press conference about Henry Wallace's statement that differences between the two departments had been ironed out, Cordell Hull replied curtly: "I think comment from one Cabinet member is sufficient...
...York, became the 22nd district to get such a plan. Marketing Specialist Erskine Harmon was appointed Federal administrator to police the New York industry and maintain the established minimum price paid to farmers (base: $2.45 a cwt.). In drafting the New York program, designed to settle the longtime controversy between farmers and milk distributors in New York City's milk-shed, everyone but distributors (Borden, Sheffield and 698 others) had a voice; prices these distributors must pay farmers are 100% higher under the agreement...