Word: leveler
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Dates: during 1930-1939
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...month. "We are at a strategic point in our economy," he said. "If we go on as we are, we are in for stagnation and decline. One of the interesting observations of recent years is the inability of the system to maintain itself at any level it has attained. We do not stop. We either go forward or back." He was for going forward, and gave as "the overall question" of the investigation: "Why have we not had full employment and full utilization of our magnificent resources...
Current slowdown was variously attributed to uncertainty over the new Congress, worry over international squabbles, timidity engendered by the start of the "opoly" hearings. More tangible is the point that the Government's spending, even though operating at a level $400,000,000 greater than last year, is again proving to be a mere teaser. All this greatly amused Germany's Reichsbank Governor Dr. Hjalmar Schacht. With German industrial production up 100% in five years, he took occasion in a Berlin speech to praise a "directed economy," crack that Germany had not needed to "finance consumption through...
...immediate future." Like all spending, the blessings of rearmament are short-lived. It helped England for a year but last week England's plight was reflected in the fact that the pound sterling was under such pressure that the price of gold in London went to the highest level in history ($34.70). There were persistent rumors that further devaluation of the pound was the only recourse-and when Britain left the gold standard in 1931 the U. S. suffered 18 months of deflation...
Located on Massachusetts Avenue directly north of the Yard, the Hemenway of today has three levels, the lower two of which contain 12 squash courts. On the third level there is a main gymnasium which provides one large basketball court, two smaller ones, or three badminton courts, depending upon the demand from the men using the building. In addition, on the third level is a special exercise room where volley ball or badminton may be played...
...form of a strip of land 40 miles wide and extending for 125 miles along the Pacific coast. Located in the center of the Chugach Range about 50 miles from the Pacific Ocean. Saint Agnes pierces the clouds to a height of 13,250 feet above sea level...