Word: might
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Dates: during 1940-1949
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Doubtless all this might be funny (after all, there was Arsenic and Old Lace). But it isn't. And it is all the less funny because it tries so hard to be. It is crudely and noisily staged, gives up satire for slapstick, proves even more alcoholic than macabre. It owes its few real laughs to what Thomas Mitchell, as the undertaker, does with his facial muscles and his vocal cords...
Amid these signs of deflation, President Truman stubbornly insisted that inflation was still the threat. But most Government economists were talking differently. Dr. Ewan Clague, Commissioner of Labor Statistics, estimated that the cost of living might drop 10% within a year. Outspoken Marriner S. Eccles, Federal Reserve Board member, agreed that the time had come to drop talk of inflation. Said he bluntly: "I believe we have been in a recession for several months. But it will not be too severe nor of long duration...
...France, always the most popular stopover for Americans, was far gayer and cheaper than Britain, whose pound is stubbornly pegged at $4.03. Two months ago the franc hit an alltime high of 530 to the dollar on the black market; last week it was down to 360 and it might hit 320 when the tourist rush sets in. (The free franc was still 318.) A knowing traveler could get by on $7 a day for food and lodging...
Furthermore, brokers' own commission rates, now the highest in history, might be an added drag on the market. In a dull market, profits of even a single point had been hard to make. When made, around a third of a point of the profit on a 100-share transaction in a cheap ($10) stock went for buying & selling commissions...
...move placed Edgar in official control of the corporation at a time when a strong hand was needed to combat dropping sales and rising competition. A smart, hard-working man who spends twelve hours a day in the office, he was probably the only man in K-F who might be able to pull the company through its troubles...