Word: 1930s
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...more than half his proposed 10% increase in next year's Pentagon budget, the President sharply assailed the arguments of his critics as "nothing more than noise based on ignorance." Said he: "They're the same kind of talk that led the democracies to neglect their defenses in the 1930s and invited the tragedy of World War II." In order to emphasize the offensive threat posed by the Soviet Union, Reagan declassified spy-plane photographs showing Soviet activity in the Caribbean area. His charts showed the five new classes of Soviet ICBMS that have been produced since the U.S. Minuteman...
...dramatic episodes in American financial history. A famously scrappy Wall Street investment bank, Bear Stearns, went from seemingly healthy to dead meat in about five days. Federal Reserve Chairman Ben Bernanke, desperate to avoid a sudden collapse that might cause a full-fledged market panic, invoked a little-known 1930s legal provision to engineer a Sunday fire sale of Bear Stearns to banking giant JPMorgan Chase for a mere $2 a share. (Bear's stock price was $57 a week before, $171.51 in early...
WEST PALM BEACH Calder jewelry The first exhibit devoted to Alexander Calder's unique, handcrafted jewelry from the 1930s to the 1970s opens at the Norton Museum...
...process by which institutions that sponsor excavations receive a share of the finds. In the first half of the 20th century, the archeological museums of universities like Yale and Harvard and art museums like the MFA used partage to acquire their most important pieces. In the 1920s and 1930s, a team from Harvard excavated a site called Nuzi in modern Iraq, finding thousands of cuneiform tablets that detailed daily life. These remain on display in Harvard’s Semitic Museum...
...These policies can't cure longer-run problems like the low savings rate and stagnant wages, and they'll probably have all sorts of unpleasant side effects (inflation, for one). But you don't have to work at Visa to think they're preferable to reliving the 1930s...