Word: familiarity
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Dates: during 1920-1929
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...about to begin a long decline, and that in consequence food prices should respond by commencing a gradual rise. The bulletin very sanely concludes: "There is good reason to believe at the present time we are not headed for any drastic period of depression, but nearly all the familiar indications point to a less active year in 1924 than that now drawing to a close. It seems probable that general business will decline to levels lower than the present ones before it will again recover to any such pitch of activity as it reached last Spring...
...familiar occurrence was seen last week regarding the future prospects of American business. The West is prosperous and optimistic; the East is prosperous but rather pessimistic and cautious. Which view is correct only time can reveal. But in cases where this contradiction in judgments has occurred before the East has invariably been nearer the truth. In the Spring of 1920 the stock market turned downwards and the West declared its fears ungrounded. But that Fall disastrous liquidation set in practically all over the country...
...general, however, the rule holds good. Given two competitors of equal ability, the one performing in the midst of familiar surroundings has a fairly definite advantage. Papyrus, for instance, used to turf under foot, will be running on a dirt track--this afternoon. Taking these things into consideration, always assuming that Zev or My Own can hold his speed for the full distance, the weak-spirited may pluck up their courage. Doctor Holmes, after all, may net have been infallible...
...long been a familiar cry of the "many-headed" that the business and economic courses which are offered to a student in college are relatively valueless in fitting him to meet actual business conditions; and that these courses are at best only theoretical, while what he really needs is Hard Experience. This may be true; but if it is, the success which has attended the efforts of the Harvard Committee on Economic Research remains to be explained...
...Macfarlane is a Scotchman, 68 years old, educated in Edinburgh. He was Professor of Botany at Pennsylvania from 1893 to 1919 and stands high in his specialty. He has been studying the relation of fish to petroleum for 50 years. Scientists familiar with his work attest its authenticity...