Word: conning
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...Harvard School of Business last week issued a small opus entitled The Behavior of Consumption in Business Depression. Its author was Arthur R. Tebbutt, instructor in Business Statistics. It was a nice dry statistical study tending to show by many tables just how much con- sumption fell off from 1929 to 1932, but it packed a punch in its conclusions-a punch at the theories behind the Industrial Recovery...
...aggregate, consumption of goods by the ultimate consumer has re- mained at a very high level even during depression. . . . Judging the character of stagnation in business solely on the basis of consumption, we find that the depression is marked by sharply reduced con- sumption of producers' goods. That the way out of depression is to increase consumption of producers' goods seems evident. ... At the present time, however, if such a balanced recovery does occur, it does not seem likely that it can be attributed in any large part to the current activities of the Administration...
Firmly pursuing this destiny, Marshal Muto sat in Changchun, subsisting on his Spartan diet of rice, rice, rice, while his sub-commanders conquered the Chinese province of Jehol, added it to Manchukuo (TIME, March 13). Like Marshal Muto his successor General Hishikari is con sidered not a military genius but a safe & sane commander able to guide the exuberance of junior officers and to build up Manchukuo as a state...
...various countries since the first convention in Paris (1878), the I. G. C. tries not only to reach international standards of nomenclature and to serve as an international clearinghouse for new discoveries and theories, but also to give visiting geologists a chance to pore over the rocks and con tours of the countries in which the meetings are held...
...control" Pennsylvania and Baltimore & Ohio were discussing a merger of the two competing roads. Penn sylvania's President Atterbury had "nothing to say," but B. & O.'s President Daniel Willard, vacationing in Vermont, promptly grabbed a telephone to shout: "I am opposed to any plan contemplating the con solidation of the Baltimore & Ohio with the Pennsylvania Railroad...