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...spring of this year he suddenly announced that it was his opinion that commodity prices were too high, although they actually were lower than the level of 1926. He followed this up by doing everything in his power to restrict freedom of markets and the freedom of capital goods industries in the United States. This led inevitably to acute devaluation with the result that, at the most critical moment, the underlying strength of the democratic countries has been greatly diminished and the dangers of war perceptibly increased...

Author: /time Magazine | Title: GREAT BRITAIN: Parliament's Week: Dec. 6, 1937 | 12/6/1937 | See Source »

Heretofore it has been considered beyond the Reserve Board's legal powers to restrict short sales and that job has been left to the stock exchanges. The New York Exchange has long imposed a margin requirement of ten points on any stock sold short. For a stock selling at $1 this meant not 50% but 1,000% margin. For the average priced stock it meant about 35%, but this was only a minimum and many a brokerage house upped it as high as 50% in special cases. On the 7,000,000-share "black Tuesday" fortnight...

Author: /time Magazine | Title: Business: 40% Bulls & 50% Bears | 11/8/1937 | See Source »

Almost since the first scheduled airliner roared off U. S. runways and especially since traffic lanes were established in the sky, civilian pilots have contested the right of transport companies and airports to restrict their flying. This week, however, a set of re-codified and revised Civil Air Regulations, signed by Secretary of Commerce Roper, takes effect...

Author: /time Magazine | Title: Transport: Roper's Rules | 11/1/1937 | See Source »

...will not come through any procedures which would prove in efficient in a large library. It can only come through a basic change in the library's attitude toward the undergraduate. Until the latter feels that the library is his, that attendants are there to help and not restrict him, he will coninue to regard the friendly and hospitable air of the Farnsworth Room as an oasis in an otherwise grim and inhuman desert...

Author: NO WRITER ATTRIBUTED | Title: OASIS | 10/18/1937 | See Source »

...Passed the Jones Sugar Bill to restrict imports of refined sugar from Puerto Rico and Hawaii (TIME, Aug 16), in the face of known Presidential displeasure and sent it to conference...

Author: /time Magazine | Title: THE CONGRESS: Work Done, Aug. 23, 1937 | 8/23/1937 | See Source »

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