Word: depression
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...last year, intellectual tension is now at the breaking point between President Alan Gottlieb's pro-aid-to-Britain, pro-Roosevelt group, and the Marx-Stange faction favoring no aid to Britain and branding Roosevelt as a war-monger. Inevitably the break will weaken the HSU, and tend to depress still further the strong but gradually waning student sentiment for keeping America out of war. This is too bad, and everything possible should be done to keep the effect from being too demoralizing...
Meanwhile many a builder and architect (but nary a N. A. B. 0. M.-er) wondered whether Pittsburgh and Scranton, Pa. did not have the right idea in taxing land at twice the rate of property improvements. This tax tends to depress price of vacant land, make it readily available to builders. Early this spring, Scranton had taken title to 6,000 unsalable, tax-delinquent properties, hoped to make up for its tax losses by renting them itself...
...ticker carried stories of peace before the end of summer. Down went prices again, gaining momentum. The week ended with heavy selling that broke the industrials eight points to 122.43. Export and war-baby stocks were not the only casualties. Fear spread that closing of European markets would depress U. S. income, especially of farmers, that any subsequent national defense boom would develop at the expense of general consumer purchasing power & freedom to use it. Down sharply for the week were consumer-goods stocks like Chrysler (19⅜ points to 62⅛), General Foods (7 points to 41), Schenley...
...active ingredient of coffee and tea. "A moderate amount such as is contained in one or two cups of coffee . . . heightens the intellectual functions, increases the efficiency of the muscles and lessens the feeling of fatigue. . . . Although alcohol is frequently used as a stimulant, its real effect is to depress the nervous system . . . like ether or chloroform." Those who like liquor ought to save their drinking till night, when they don't have to work or drive a car. Contrary to popular opinion, "mere mixing of good liquors will not cause intoxication...
...half her national income on the war, the Chancellor warned, yet even with armament plants going full blast 1,400,000 workers are still unemployed. Sir John, with typical British forthrightness, declared that a war of this magnitude cannot be fought on any easy assumption that it will not depress the existing standard of living in Britain and elsewhere...