Word: lowing
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Dates: during 1930-1939
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...tell her that, up to a point, it was Franklin Roosevelt's most smashingly successful message since his "The only thing we have to fear is Fear" speech of March 1933. After the November elections had showed Mr. Roosevelt's political stock at a six-year low, last week's speech seized and dramatized the issue on which Mr. Roosevelt's personal popularity in the land was already sharply reviving: the U. S. v. Dictatorship...
...great segment of U. S. economy-the producers of raw materials whose prosperity varies with the price of commodities-"recovery" was still a will-o'-the-wisp. Last week the Bureau of Labor Statistics index of wholesale commodity prices was at a four-year low...
Immediate result of low prices is likely to be higher corporate profits, for many companies can buy raw goods cheap without reducing the prices of their finished products. Sooner or later, however, such profits fail, undercut by lack of buying power among producers of raw materials. Last week, for instance, the Department of Agriculture announced that farm income of $6,400,000,000 in 1938's first eleven months was 13% under...
This evidence of low prices for farm products points to the most significant element in the commodity-price weakness- the inequilibrium which worries Mr. Roosevelt when he suggests that some prices should fall, others rise. For, whereas prices of farm products and raw materials (output of which cannot be easily controlled) break on slight excuse, prices of manufactured products (output of which is more or less controllable) are firmly established...
...wears his handkerchief in his cuff. Still a lonely man (though married), he likes genteel drinks (Burgundy, hock, sherry), games like chess (which he plays badly), rummy and slippery Ann (for low stakes). His undergraduate timidity has carried over into fear of cows and high places, but not of critics. At 50, T. S. looks like an only slightly older brother...