Word: droppings
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Dates: during 1940-1949
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Despite all the preliminary rowdedow, the country was subdued on election day. Theoretically, the ballot was secret, but few voters used the booths set aside for them. To vote "Yes" (i.e., for the People's Front), the voter simply had to drop an unmarked ballot into the box. But if he wanted to vote "No," he had to make a cross on the ballot. Thus only "No" voters had any reason to walk into the booths; the names of those who did could be carefully noted. By midafternoon, on election day, eligible voters who had not appeared...
...cracker-barrel advice ("The hills are changing color again. Be sure to look"). He still holds Sunday vespers, beaming when the boys sing "real loud." In campus affection he has only one rival: his wife Helen, who teaches chemistry and algebra, and is always ready with cocoa when boys drop around...
...likely to keep on going down? Paradoxically, many Wall Streeters thought it meant just the opposite. They argued that any rise would scare the bears into "covering" (i.e., buy in the stocks they sold short), thus give the market an added boost. On the other hand, if the market dropped further, the bears would also buy so they could take their profits, thus check the drop...
Tricks. Faced with slumping sales, many other manufacturers were trying similar tricks. They were well aware that the drop in buying was caused less by a lack of customers' cash than a stubborn rebellion against high prices. Though businessmen grumbled about recession, it was still the most prosperous recession the U.S. had ever had. Consumers' dollars could still be lured out for the right product at the right price...
...were still answering the sales slump with layoffs and production cuts. Last week, the Department of Commerce reported that first-quarter output of goods and services in the U.S. was at an annual rate of $256 billion, off $9 billion from the final quarter of 1948 in the sharpest drop since the war. Still, the pace was $1 billion ahead of the average for 1948, biggest year on record. The Bureau of Labor Statistics reported that manufacturing employment fell by 330,000 between mid-March and mid-April. But seasonal increases in trade and construction offset the loss...