Word: longs
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Dates: during 1950-1959
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Economists still believe firmly in gold's prime importance as the ultimate financial standard. They consider it psychologically vital to fiscal confidence, useful as a long-term guarantee that countries can meet their bills. But they have long since ceased to regard it as the sole test of a currency's stability. More important in today's world is the health of a nation's economy, the real rise in its national income, the strength of its built-in fiscal controls. Most nations now have learned the heavy price of unsound financial and fiscal policies; they...
...major change is on the way, and the growth rate is on the wane. Going out is crude coercion of the worker; coming in is personal incentive. This shift, says Nove, requires a major diversion of Soviet resources to the nongrowth sectors that the Kremlin ignored for so long...
...days of breakneck drive for growth in the '20s and '30s, writes Nove, "Iron ore or coal mines were 'creamed,' the best and most easily accessible mineral being taken as quickly as possible. The virgin lands campaign was launched with little consideration for the long-term problem of soil conservation. [There was] ruthless cutting of trees in the most accessible areas...
...ever been presumptuous enough to ask "The King" to act, but his presence alone gives any film the atmosphere of Hollywood's glorious pre-Method past. Gable's voice may croak a little, but he still has the confidence of a man who knows that so long as he goes on playing The King no one will dare play...
Wagon Train (NBC, 7:30-8:30 p.m.).* The long trek westward is on again. This time, as the train makes up in St. Louis for The Greenhorn Story, a gullible traveler (Mickey Rooney) is subjected to the sharp dealing of just about every salesman in Missouri...