Word: validity
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Dates: during 1940-1949
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Expertly angled and written, with valid emotion, some fine humor and a laudable lack of pseudo-common-mannishness, these speeches should be an effective device for encouraging internationalism. The images which are set against them are even more so. Though some of the material-notably some great shots of the Norman shore-is familiar from newsreels, it has the power of a musical theme, triumphantly recapitulated...
Only 6,000 francs ($120), plus 3,000 for each dependent, could be immediately redeemed by each person. For all old money turned in over that amount, receipts were issued payable after June 16. The new money instantly became more desirable than the old, because it was valid indefinitely and did not have to be accounted for. Merchants were reluctant to take old money, but they tried to give it in change. Black-marketeers selling new money for old collected a 20% premium...
Despite pious rumor, there are atheists in foxholes. So writes Transport Chaplain Lewis A. Myers in the current Arkansas Baptist: "Foxholes are not valid agents for making Christians, for destroying atheists or for driving men to God. ... If you desire a man to come out of a foxhole with something, you had better send him in with something...
With regard to the compensation of executives, Swope remarks that ". . . the compensation of officers and of the leading men in the organization . . . should be in the form of salary plus a share in the profits of the company." He goes on to comment that "There is no real or valid reason . . . why any salary other than the president's and possibly the chairman's should be made public. When the officers (of large companies) all know each other . . . (this practice) only produces envy and impairs the morale of the organization...
...potent, hardheaded Committee for Economic Development this week came to the rescue of the Bretton Woods proposals. C.E.D.'s research committee-including Boston Banker Ralph E. Flanders and Tax Expert Beardsley Ruml-analyzed criticisms of the Fund and found that, so far as they were valid, they could best be met by giving the Bank power to make long term loans, when necessary, to stabilize a nation's currency. But C.E.D. declared that scrapping the Fund would be a serious loss. In short, C.E.D. came out for both Bank and Fund, with more power for the Bank...