Word: institutionalize
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Dates: during 1940-1949
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The Germans had not yet been driven out of France. Dunkirk had not yet fallen. The Gaullist government had not yet been recognized. But an old Parisian institution (and big Parisian business) returned to liberated France. Liberation fashions were barely a month old, the season of style shows was on...
This week, the Brookings Institution, famed for its economic studies, put out its own carefully considered estimate of postwar U.S. income, in an attempt to clear up the confusion. Net result was to add to the confusion, by stirring up a first-class row among economists. For one thing, the...
And finally, the rampaging Institution trampled all over the popular belief of most U.S. citizens that the roaring economy, by giving the U.S. both guns and butter, has led the nation to a new high plateau of prosperity.
Third Objection. The banker-critics see at Bretton Woods a credit institution controlled by borrowers rather than by creditors. They cite U.S. banking history as evidence that would-be borrowers should not pass on loan applications. They also think that too great latitude is allowed on exchange rates. Under the...
"The greatest show on earth" (according to informed critics who have seen it) is now in the 20th month of an amazing run. Scene of the show is a Mexican plateau near the Pacific, 200 miles west of Mexico City. Paricutin, the new volcano which erupted from a cornfield, has...