Word: rationalizing
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From these cryptic words, Fascist theorists last week deduced that on the day Italy declares war, Mussolini will begin state capitalism, take over all industrial, commercial, agricultural and transport activities. Both employers and workers will be paid fixed salaries in scrip or ration cards. The profits, estimated at 100 billion lire ($8,600,000,000) a year, will go to the Government. Not loans, not taxes, but business profits, will thus finance Italy's next...
...caterer slops into each seaman's "basin" (bowl) one part rum in three parts water. The rum is mixed in a large tub around whose rim, in brass letters, are the words: "The King-God Bless Him." On the King's birthday all hands get a double ration of straight rum. First class petty officers get half rum, half water. Chief petty officers and warrant officers get straight rum. In the great 19th Century days of the British Navy, the man who passed up his rum ration and took the Government's allowance of tuppence (4?) instead...
...Conference, Dr. Currie believes that it was regrettable that so much international ill-will has resulted, but it would have been even more so if agreement had been attained by a definite commitment on our part to link the dollar to a fixed ration to gold. Going on to explain, Dr. Currie said...
...powers it gave the President to put Government and Business into "partnership," contained few surprises. As a price for having the Anti-Trust laws suspended, each industry was to draft and subscribe to a fair trade code to be approved by the President. Each such code was to ration production so that some plants would not work 24 hours per day while others stood idle, to reduce working hours so that more employees could find jobs, to set up a minimum wage so that sweatshop operators could not steal the market, to give labor a free hand so that...
...however, was fairly well set. Government and business were to be made partners by means of a Federal Control Board consisting of four members of the Cabinet and an executive chairman. Through their trade associations a majority of each branch of industry was to draw up agreements to ration production, fix prices, eliminate cut-throat competition, set working hours, establish a fair wage scale. The Federal Control Board would approve such agreements as were in the public interest. Others would be ordered revised or scrapped. The anti-trust laws would be waived to permit each agreement to become effective. Minorities...