Word: scale
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Dates: during 1930-1939
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This new sheet is comparable to the Harvard Alumni Bulletin on a smaller scale, and is to appear twice yearly. The present edition contains an explanation of the new inter-House eating system, a story on the Society of Fellows, and details of the reduction in room rents, effective next year...
Ever since greying Harvard Professor Oliver Mitchell Wentworth Sprague became Economic Adviser to the Bank of England (TIME, Jan. 27, 1930), he has kept his mouth shut. Hearstian suspicions that he might be Wall Street's go-between in maneuvers to scale down Europe's War debts to the U. S. have slowly died out. Last week Professor Sprague, now an accepted and respected figure in "The City" (London's financial district), created a stir by stating his conviction that Prosperity can be restored in industrial countries by creating a demand for a new product-such...
Suggestions that a 30-hour week law, to be effective, must contain a minimum wage scale to prevent proportionate pay cuts collided with this stubborn fact: once the District of Columbia had a minimum wage law which in 1923 the Supreme Court annulled on the ground that it violated a citizen's constitutional privilege to contract for his own services at his own price...
...devaluation of the dollar, its confidence in low money rates. High-grade issues forged ahead even when the inflationists were speaking their loudest in Washington (see p. 12). Many good 5% issues sold above par and second-grade bonds jumped more rapidly than stocks. Transactions were on a large scale and many recent sessions resulted in over 100 new highs. Early this week all bonds, including Governments, were faltering a little. Altogether bonds on the Stock Exchange gained $1,500,000,000 in value since Christmas...
When he did have something to say ex-President Cosgrave shocked many Britons by announcing that should he win the election he would not resume the annuity payments in full but will demand that Britain scale them down. "We must have a new agreement based on our capacity to pay," said Mr. Cosgrave. "This country like all others has been caught in the world slump. . . . We want negotiation with Britain. ... If we win the election, as I fully expect we will, I'll guarantee that three days after the Dail meets on Feb. 8, I can settle all outstanding...