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Stabilization Act Of 1942
The Stabilization Act of 1942 (), formally entitled "An Act to Amend the Emergency Price Control Act of 1942, to Aid in Preventing Inflation, and for Other Purposes," and sometimes referred to as the "Inflation Control Act", was an act of Congress that amended the Emergency Price Control Act of 1942. Contents The Act authorized and directed the President to issue an order stabilizing prices, wages and salaries to the levels they had had as of September 15, 1942, and to issue additional regulations related to the Act. The Act excluded from stabilization "insurance and pension benefits in a reasonable amount to be determined by the President". The Act also extended the expiration date of the Emergency Price Control Act by a year, to June 30, 1944. As a penalty for violating the Act, the Act provided for a fine of $1000, imprisonment for up to a year, or both. On October 3, 1942, the day after the statute's enactment, President Franklin Roosevelt issued Executive Order no. 9250, f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emergency Price Control Act Of 1942
The Emergency Price Control Act of 1942 is a United States statute imposing an economic intervention as restrictive measures to control inflationary spiraling and pricing elasticity of goods and services while providing economic efficiency to support the United States national defense and security. The Act of Congress established the Office of Price Administration (OPA) as a federal independent agency being officially created by Franklin D. Roosevelt on April 11, 1941. The H.R. 5990 legislation was passed by the 77th U.S. Congressional session and enacted into law by Franklin D. Roosevelt on January 30, 1942. Provisions of the Act The Emergency Price Control Act was penned as three titles specifying rulings for price controls regarding agricultural commodities, goods and services, and real property. The Act provided authority for enforcement, investigative reporting, and reviews of price stabilization schedules by the Office of Price Administration. The law specified a tim ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National War Labor Board (1942–1945)
The National War Labor Board, commonly the War Labor Board (NWLB or WLB) was an agency of the United States government established January 12, 1942 by executive order to mediate labor disputes during World War II. History The NWLB was established by President Franklin D. Roosevelt under Executive Order 9017, with William Hammatt Davis as its chair. It was charged with acting as an arbitration tribunal in labor-management dispute cases in order to prevent work stoppages which might hinder the war effort. It administered wage control in national industries such as automobiles, shipping, railways, airlines, telegraph lines, and mining. The Board was originally divided into twelve Regional Administrative Boards which handled both labor dispute settlement and wage stabilization functions for specific geographic regions. The national Board further decentralized in 1943, when it established special tripartite commissions and panels to deal with specific industries on a national bas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1942 In The United States
Events from the year 1942 in the United States. Incumbents Federal Government * President: Franklin D. Roosevelt ( D- New York) * Vice President: Henry A. Wallace ( D-Iowa) * Chief Justice: Harlan F. Stone ( New York) * Speaker of the House of Representatives: Sam Rayburn ( D-Texas) * Senate Majority Leader: Alben W. Barkley ( D-Kentucky) * Congress: 77th Events January * January 1 **Sales of new cars are banned to save steel. **WWII: The United States and Philippines troops fight the Battle of Bataan. * January 10 – WWII: The last German air-raid on the English port of Liverpool destroys the home of William Patrick Hitler, Adolf Hitler's nephew. William Hitler is in the United States and later joins the navy to fight against his uncle. * January 14–15 – WWII: Operation Drumbeat – German submarine ''U-123'' under the command of Reinhard Hardegen sinks a Norwegian tanker within sight of Long Island before entering New York Harbor and si ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1942 In American Law
Year 194 ( CXCIV) was a common year starting on Tuesday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Septimius and Septimius (or, less frequently, year 947 ''Ab urbe condita''). The denomination 194 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * Emperor Septimius Severus and Decimus Clodius Septimius Albinus Caesar become Roman Consuls. * Battle of Issus: Septimius Severus marches with his army (12 legions) to Cilicia, and defeats Pescennius Niger, Roman governor of Syria. Pescennius retreats to Antioch, and is executed by Severus' troops. * Septimius Severus besieges Byzantium (194–196); the city walls suffer extensive damage. Asia * Battle of Yan Province: Warlords Cao Cao and Lü Bu fight for control over Yan Province; the battle lasts for over 100 days ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wage Stabilization Board
The Wage Stabilization Board (WSB) was an independent agency of the United States government whose function was to make wage control policy recommendations and to implement such wage controls as were approved."Executive Order 10161, September 9, 1950," John Woolley and Gerhard Peters, The American Presidency Project, no date. There were two agencies with the same name. The first, the National Wage Stabilization Board, was the successor to the National War Labor Board, and existed from January 1, 1946, to February 24, 1947. The second, the Wage Stabilization Board, was a part of the Office of Defense Mobilization and existed from September 9, 1950, to February 6, 1953. National Wage Stabilization Board The first agency, known as the National Wage Stabilization Board, was established by President Harry S. Truman within the United States Department of Labor in on January 1, 1946. The purpose of the new agency was to continue the work of the National War Labor Board. Executive Orde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Office Of Price Administration
The Office of Price Administration (OPA) was established within the Office for Emergency Management of the United States government by Executive Order 8875 on August 28, 1941. The functions of the OPA were originally to control money (price controls) and rents after the outbreak of World War II. History President Franklin D. Roosevelt inaugurated the Council of National Defense Advisory Commission on May 29, 1940, to include Price Stabilization and Consumer Protection Divisions. Both divisions merged to become the Office of Price Administration and Civilian Supply (OPACS) within the Office for Emergency Management by Executive Order 8734, on April 11, 1941. Civil supply functions were transferred to the Office of Production Management.Herman, Arthur. ''Freedom's Forge: How American Business Produced Victory in World War II'', pp127 [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George W
George Walker Bush (born July 6, 1946) is an American politician who served as the 43rd president of the United States from 2001 to 2009. A member of the Republican Party, Bush family, and son of the 41st president George H. W. Bush, he previously served as the 46th governor of Texas from 1995 to 2000. While in his twenties, Bush flew warplanes in the Texas Air National Guard. After graduating from Harvard Business School in 1975, he worked in the oil industry. In 1978, Bush unsuccessfully ran for the House of Representatives. He later co-owned the Texas Rangers of Major League Baseball before he was elected governor of Texas in 1994. As governor, Bush successfully sponsored legislation for tort reform, increased education funding, set higher standards for schools, and reformed the criminal justice system. He also helped make Texas the leading producer of wind powered electricity in the nation. In the 2000 presidential election, Bush defeated Democratic incum ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legislation
Legislation is the process or result of enrolled bill, enrolling, enactment of a bill, enacting, or promulgation, promulgating laws by a legislature, parliament, or analogous Government, governing body. Before an item of legislation becomes law it may be known as a bill (proposed law), bill, and may be broadly referred to as "legislation" while it remains under consideration to distinguish it from other business. Legislation can have many purposes: to regulate, to authorize, to outlaw, to provide (funds), to sanction, to grant, to declare, or to restrict. It may be contrasted with a non-legislative act by an Executive (government), executive or administrative body under the authority of a legislative act. Overview Legislation is usually proposed by a member of the legislature (e.g. a member of Congress or Parliament), or by the executive, whereupon it is debated by members of the legislature and is often amended before passage (legislature), passage. Most large legislatures enact ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ayn Rand Center For Individual Rights
The Ayn Rand Institute: The Center for the Advancement of Objectivism, commonly known as the Ayn Rand Institute (ARI), is a 501(c)(3) nonprofit think tank in Santa Ana, California, that promotes Objectivism, the philosophy developed by Ayn Rand. The organization was established in 1985, three years after Rand's death, by Ed Snider and Leonard Peikoff, Rand's legal heir. ARI has several educational and outreach programs, which include providing intellectuals for public appearances, supporting Objectivist campus clubs, supplying Rand's writings to schools and professors, assisting overseas Objectivist institutions, organizing annual conferences and running the Objectivist Academic Center. The institute's stated goal is to "spearhead a cultural renaissance that will reverse the anti-reason, anti-individualism, anti-freedom, anti-capitalist trends in today's culture". History During her lifetime, Rand helped establish The Foundation for the New Intellectual to promote Objec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fringe Benefit
Employee benefits and (especially in British English) benefits in kind (also called fringe benefits, perquisites, or perks) include various types of non-wage compensation provided to employees in addition to their normal wages or salaries. Instances where an employee exchanges (cash) wages for some other form of benefit is generally referred to as a "salary packaging" or "salary exchange" arrangement. In most countries, most kinds of employee benefits are taxable to at least some degree. Examples of these benefits include: housing (employer-provided or employer-paid) furnished or not, with or without free utilities; group insurance (health, dental, life etc.); disability income protection; retirement benefits; daycare; tuition reimbursement; sick leave; vacation (paid and unpaid); social security; profit sharing; employer student loan contributions; conveyancing; long service leave; domestic help (servants); and other specialized benefits. The purpose of employee benefits is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Health Insurance
Health insurance or medical insurance (also known as medical aid in South Africa) is a type of insurance that covers the whole or a part of the risk of a person incurring medical expenses. As with other types of insurance, risk is shared among many individuals. By estimating the overall risk of health risk and health system expenses over the risk pool, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to provide the money to pay for the health care benefits specified in the insurance agreement. The benefit is administered by a central organization, such as a government agency, private business, or not-for-profit entity. According to the Health Insurance Association of America, health insurance is defined as "coverage that provides for the payments of benefits as a result of sickness or injury. It includes insurance for losses from accident, medical expense, disability, or accidental death and dismemberment". Background A health i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
