Word: depressionitis
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Dates: during 1950-1959
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Born during the Depression, REA sought, by offering loans at a less-than-cost rate of 2% interest, to bring electricity to thousands of farm families that had none. REA did its job, and well: now more than 95% have such service. The necessity for a federally subsidized REA system...
Rusty Red Dog. Despite the billion tons of rich bituminous coal still underground, conveyors and tipples are being sold for scrap metal; white-frame company towns such as Red Bud, Golden Ash and Kenvir are boarded up and rotting; in Closplint and Punkin Center, streets rust-colored from a half...
"Tell the old man you're sick of staying at home. Get out on the town. Enjoy music, live music!" So bubbled Jackie Gleason, the Brooklyn boulevardier, on TV and radio last week, seconded by Jimmy Durante and Judy Holliday. In English, Spanish, Yiddish and Italian, 19 New-York...
Others, including Harvard's Slichter, White House Economic Adviser Raymond Saulnier, and the Federal Reserve's William McChesney Martin have different ideas on growth. They argue that force-feeding offers no assurance of healthy growth, and point to the fact that all the spending and big deficits of...
In the Depression, Frye merged Standard into Western Air Express, which later merged with Transcontinental Air Transport to, become Transcontinental & Western Air, a pioneering coast-to-coast airline. (T.W.A. billed itself as "The Lindbergh Line," kept Charles Lindbergh on the payroll as an adviser, but dropped the title in 1938...