Word: socialized
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Dates: during 1930-1939
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...Passed, after four weeks' haggling, a bill amending the Social Security Act: 1) to spare employes and employers $825,000,000 in taxes over the next three years by freezing the old-age payroll tax at 1% through 1942; 2) to limit the unemployment insurance payroll tax to the first $3,000 of earnings cutting off about $65,000,000 in taxes; 3) to liberalize old-age benefits by commencing payments in 1940 instead of 1942, and to allow benefits to persons becoming 65 in 1939; 4) to add 1,300,000 seamen, bank clerks and farm association members...
Currently exciting comment in London is a provocative, 263-page book that analyzes the tangled family, social, economic and political relationships of Government supporters in the House of Commons. Called Tory M.P., believed the work of several contributors who write under the common pseudonym of "Simon Haxey, " it is an unobtrusive piece of political dynamite, abundantly proves its main point-that people like Lord Balniel are not exceptional among Conservative* members...
Against such a background neither Mr. Nash nor his Labor Government was expected to get much sympathy from London's big financiers, who are far more interested in interest payments than in social experiments. The liberal British weekly New Statesman and Nation likened Mr. Nash in the City (London's Wall Street) to Daniel in the lions' den, recalled how badly both the British Labor Government of 1929-31 and the French Popular Front Government of 1936-38 had fared at the hands of the big bankers. There were predictions that before Mr. Nash could renew...
...Minister Nash, from the beginning of his London stay, showed he had uncommonly winning ways even with hard-boiled bankers. He took time off to explain his social and economic theories not only in the London Daily Herald, the Labor Party newsorgan where he could expect a sympathetic audience, but also in the Financial News, a City newspaper which has often criticized his policies...
When Southern churchmen get together with Northerners, they usually keep their eyes peeled for a tar baby. Last week at Atlanta's big, good-willing congress of the Baptist World Alliance, even the highest-minded Southerners felt sticky when, congregating in social groups, they were approached by a Negro who repeatedly exclaimed: "I am a Negro. I don't guess you want me around." The Negro, Dr. H. M. Smith of Chicago, thereupon telegraphed newspapers, declaring that "numerous racial signs" were displayed at the congress meeting place...