Word: slacks
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Dates: during 1930-1939
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When Jack Sharkey, jowled, beefy and 31, climbed into the ring of Philadelphia's Baker Bowl one night last week he became $25,000 richer. When Tommy Loughran, likewise 31, slack-bellied and scarred from 16 years of prizefighting, entered the opposite corner he knew he would collect not one cent for what was about to happen...
...outcry for cheap money failed to stampede President Roosevelt. Nobody was more ready than he to admit that his whole recovery program was experimental, that some parts of it worked better than others, that knots and kinks were inevitable. He was not discouraged by last week's slack-off. If one method of relief failed, he was willing to shift nimbly to something else, improvising as he went along. Currency inflation he still regarded as a last resort, to be used only in the event of a major business relapse. He did not propose to waste his best ammunition...
...transacted on the Exchange. Wire houses and oddlot brokers are able to turn far less than 15% of their gross into net profit. If stock-trading were to reach and stay at a level of 6,000,000 shares a day the brokers could bear the tax, but in slack periods like the present a 5% tax on gross income might completely erase the profits of many...
...Brooklyn Trust Co.] made an analysis of all applications for business loans ranging from $2,000 upwards received during the first eight months of this year. . . . We found that the demand for business credit had shrunk 50% from the corresponding period in the preceding year-which was itself a slack period. We also found that we had granted 81% of all the business credit applied for. ... I want to suggest that other bankers analyze all of their policies ... be prepared to answer critics with facts. . . . 'That every bank should sell stock to the R. F. C. is sheer nonsense...
...minimum wage in all big-city plants. The average work week was set at 35 hours. Because of the seasonal peaks and valleys of automobile production provision was made that employes might be worked a maximum of 48 hours a week during such periods so long as time during slack periods was scaled down to keep the average. Office help was put on about the same minimum basis as the President's Re-employment Agreement-40 hours a week...