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There are some brave souls who attempt to define recession in specific terms. The results are just as baffling. To retailers, a recession is a drop in sales, but they will differ as to whether it is a 5% or a 20% drop. To manufacturers, industrial production is the yardstick; to labor leaders, unemployment; to Wall Streeters, stock prices...

Author: /time Magazine | Title: Time Clock | 11/9/1953 | See Source »

...here and there throughout the centuries, have taken the New Testament to mean not a continuation but a repudiation of the Old." Because Williams' powerful opponents had modeled the Massachusetts Bay Colony after the fire and thunder kingdoms of the Old Testament, and considered it a social crime to differ with the Massachusetts' Congregational dogma, the implications of Williams' opinions were treasonous and heretical. According to him, the kingdoms of Saul and David were nothing but anachronisms...

Author: By Edmund H. Harvey, | Title: Roger Williams | 10/28/1953 | See Source »

...effect on democracy any different where the questions are about alleged activities and ideas concerning communism. this concept was poignantly expressed by Mr. Justice Jackson in West Virginia State Board of Education v. Barnette (319 U. S. 62): "... freedom to differ is not limited to things that do not matter much. That would be a more shadow of freedom. The test of its substance in the right to differ as to things that touch the heart of the existing order if there is any fixed near in our constitutional constrictions, it is that no official, high or petty, can prescribe...

Author: NO WRITER ATTRIBUTED | Title: Text of Lubell's Letter | 10/15/1953 | See Source »

...protection-minded Senator Homer Capehart, present at the World Bank and Monetary Fund sessions, broadly hinted that Randall might not have the last word anyhow. "Watch my committee," Capehart told newsmen. "We are going to put out a better report than the Randall committee." Asked if his recommendations would differ considerably from Randall's, Capehart was owlish. "I wouldn't .be surprised," he said. "I wouldn't be surprised...

Author: /time Magazine | Title: WORLD TRADE: Time Presses | 9/21/1953 | See Source »

Scribner denies thesis but admits that the stories show something about writers and readers, at least up to the '30s: "They . . . believed firmly in standards of behavior, in right and wrong, in law and its opposite, disorder. They might differ in particulars, but the great ends of living were common in their thinking; and they were assured that literature, to have meaning, must offer not only a slice of life but a criticism...

Author: /time Magazine | Title: Books: 22 Lasting Stories | 7/20/1953 | See Source »

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