Word: economisters
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Dates: during 1950-1959
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...after another, through the same Manhattan courtroom where Alger Hiss first came to trial, paraded the witnesses in the trial of William Remington, onetime Department of Commerce economist who quit his job last year to avoid being fired. The charge was the same: perjury. Remington had told a grand jury that he had never been a Communist. Behind the formal charge was the same, even graver accusation that Remington had passed on Government secrets to a Red spy ring...
...Cheers. Portlanders have been wondering about Reed for a long time. It was founded (in 1911) with money left by a Portland steamboat and mining tycoon named Simeon Gannett Reed. Its first president, William T. Foster, had a knack for gathering bright scholars, and soon such men as Economist Paul Douglas, now U.S. Senator from Illinois, and Physicist Karl T. Compton, later president of M.I.T., were teaching there...
...Will It Be Tomorrow? This week Paul Douglas, a burly man in a rumpled grey suit, stepped on to the Senate floor to speak his mind in the Great Debate. The Senate listened with respect. In his 58 years, Paul Douglas had been a college professor, a nationally known economist, a reforming member of Chicago's city council, a Quaker and pacifist. In 1942, at the age of 50, he had become a World War II marine. Now, after two years in the Senate, he had emerged as a leader of the little band of Administration Democrats who spoke...
Early in 1950, the London Economist's Geoffrey Crowther, a footloose editor with a nose for news, made his annual inspection trip of U.S. industry. "I came here expecting to see a boom," he said, "but nothing I had read prepared me for this. The very air smells of boom. For the firsttime, the U.S. is beginning to smell like 1929 again...
...billion in FHA and VA guaranteed loans made it possible for a veteran to buy an $8,000 house for as little as $56 a month with no down payment. Consumer credit soared above $20 billion, up about $2 billion in a year. Warned gaunt, grey Economist Edwin G. Nourse: the U.S. was traveling too fast down the "slippery road" of credit...