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...Cautious Optimist. All in all, most U.S. businessmen shared the cautious optimism of Harvard's white-haired Economist Sumner H. Slichter. In Chicago last week, he predicted a high level of business through at least igso's third quarter. There might be "some further drop in production and employment," said Slichter, "[but] I do not believe that it will be severe or long." And while Slichter thought that Government and unions would wield still bigger power in shaping the economy, it would remain one "run, in the main, by tens of millions of consumers each buying what they...

Author: /time Magazine | Title: New Strength for the Boom | 3/27/1950 | See Source »

Last week Chief of Naval Operations Forrest Sherman brusquely ordered Crommelin to "refrain from public statements . . . which are critical of the Department of Defense." Defiantly, just one hour after receiving the order, he addressed the Park-Presidio Optimist Club; the next day, the San Francisco Business League. His pitch was the same but he had a new preamble to key passages: "I don't intend this as criticism . . . you can decide for yourselves...

Author: /time Magazine | Title: ARMED FORCES: Asking for It | 3/6/1950 | See Source »

...misdoubt I have gone too far. My optimist has carried me away and led me to overshoot the mark. The last paragraph is not true. The man who politely but firmly declines to sit in an old-fashioned chair to learn: is he worth educating? Can he be educated? Who dare answer? Frederic Cunningham...

Author: NO WRITER ATTRIBUTED | Title: Sever Seats Alarm | 11/14/1949 | See Source »

Terming himself an optimist, Whyte commended the Gestalt theory of psychology, which stresses the tendency toward completion of patterns. He prophesied a movement from the science of things as they are to the science of things as they are becoming...

Author: NO WRITER ATTRIBUTED | Title: Whyte Discusses Theory Errors in Freud and Marx | 11/2/1949 | See Source »

...these changes were made, McCabe thought that business could step up expansion. Said he: "I am a confirmed optimist regarding the future of America. I firmly believe that the basic characteristics of our economy are expansion and growth. Economic expansion today presents a strikingly different challenge from that of a hundred years ago. Then, the frontier development was the opening up of our great Western resources. The geographic frontier is gone, but we still have a frontier of development. That frontier is technology...

Author: /time Magazine | Title: THE ECONOMY: Risks & Taxes | 8/15/1949 | See Source »

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