Word: storms
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Dates: during 1930-1939
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...twelve the U. S. led, the world not forward toward prosperity but backward toward depression. However great was John L. Lewis' accomplishment, by year end he was in the position of every labor leader and every industrialist when business is receding: battening down hatches to ride out a storm...
Legislatively the storm is summed up in two bills now before Congress, one of which (Lee-McCarran Bill) would hand U. S. airlines over to the Interstate Commerce Commission while the other (Bland-Copeland Bill) would segregate over-ocean flying from domestic aviation and put it under the Maritime Commission, as Chairman Joseph Patrick Kennedy suggested in his famed report (TIME, Nov. 22). For Pan American, which escaped the visitation of the Black Committee in the airmail investigation, the ultimate decision is vital. Under the Lee-McCarran Bill, the I.C.C. would give preference in granting certificates for overseas air service...
There was no mistaking it. The triangle is immediately visible--the third corner gallantly supported by Beverly Roberts--and to it are added a prize fight, a regiment of California State Highway Police, a rain storm complete with sound effects, Hugh Herbert, and a strong dose of Hollywood's kind-hearts-are-more-than-coronets philosophy. All this tends to make the picture somewhat confusing until the fuller significance of the thing is grasped; it is an answer, almost a rebuke, to James Hilton; it shows in no uncertain terms how dreadfully dull Shangri-la would be in actual operation...
Such technical changes, however, are only an eddy in the economic storm now assaulting stock prices. Judged by indices, this storm last week was blowing as hard as ever. Steel production slumped another two points to 27.5% of capacity. Lumber, power and cement output dwindled. Freight cars were at the year's emptiest. Furniture sales were 30% less than last year. But indices, being statistical compilations of past events, are always a bit behind the times. More intangible but more up-to-date indications last week seemed to point in the other direction. The New York stockmarket completed...
...Wild, assistant professor of Government, described the Act as "Swiss-cheese neutrality" in a broadcast to the nation over the Columbia Broadcasting System. Remarking that the American people cannot be put in "hermetically-sealed cans" he declared that it is "self-interest to prepare in advance to prevent the storm...