Word: depressionitis
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Dates: during 1950-1959
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Problems. In 15 months in office, he has faced two serious plots, a business depression, unemployment, droughts, a spate of charges that insiders (though not the President himself) are profiteering from government contracts and speculation in foodstuffs. Complains of the "no-idea" men around him, but has been slow to...
Inland's expansion, like the others, is intended to meet not only present but future needs. Among Inland's projects: a seven-year exploitation, started in 1953, to expand iron-ore mining at Financier Cyrus Eaton's Steep Rock development in Ontario (TIME, March 9, 1953), from...
An individuality so tautly drawn between the twin Spanish columns of dignity and passion could never conform to the crude consequences of his own controverting eloquence. His victories defeated him. Three years before Hitler came to power, Ortega wrote a famous book with the prophetic title: The Revolt of the...
Worker stock programs are not a new idea, and for some businessmen their past record is against them. In 1929 many of the biggest corporations -U.S. Steel, Standard Oil Co. of Indiana, A.T. & T., Procter & Gamble-some 200 in all, had stock programs. But when the Depression hit, all but...
Bicycle Lake, near Barstow on California's Mojave Desert, is no place for canoes or water skiing. It is a shallow depression normally filled with 5,000 sq. yds. of dry, cracked mud. Once in a great while rain covers its surface with an inch or so of water...