Word: paradox
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...paradox about unemployment is that it is likely to get worse even when employment continues to hold up well. This week the Labor Department announced that employment declined 300,000 in November to 67.2 million, considerably less than the seasonal November decline of about 700,000 in the previous two years. Despite the decline, employment was at a record high for the month. But unemployment in November rose 450,000 to 4,000,000, because of layoffs in agriculture and construction, more than canceling out the advantage of the less-than-seasonal decline in employment. Prospects are that unemployment...
Getting the Figure. Partly as a result of the paradox, questions were raised about the accuracy of the statistics. To get them, the Census Bureau makes a monthly sampling of 35,000 households in 330 areas specially selected to conform with national economic and population patterns. Interviewers check 75,000 to 80,000 people, about one-thousandth of the labor force. To everyone over 14 in each household they put several questions. The first: "What did you do most of the week?" If the answer is "worked," the interviewer goes no farther. If it is "nothing," the interviewer presses...
...former hoboes, now burns, who dress in the loose fitting and shabby formal clothes of the burlesque clown; they are former homosexuals, now incapable of satisfying each other beyond a furtive embrace or a titillating story about an Englishman in a brothel; and, because of Beckett's genius for paradox, they turn out to be dignified human beings...
...will bring on more inflation by stepping up Government spending. This reasoning seemed to contradict the market's recent history, where fear of inflation has helped send stocks up since they are considered one of the best hedges against it. But brokers had an answer to this paradox; they argued that inflation sends the market up only when there is a prospect that earnings and dividends will keep pace with inflation and not be squeezed by rising costs, as they have been for many corporations...
Bentley explains this apparent paradox by nothing that Brecht's work is essentially by, of, and for the bourgeoisie. That he was above all a rebel of the middle class, who turned his brilliant bitterness on the culture generated by that class. "Brecht assumed capitalism within the theater," Bentley points out. "He assumed that it permeated the walls, the seats, and everyone in the audience. But people in the Soviet Union cannot be aware of the values and standards of capitalist culture. So to a large extent Brecht is meaningless to them...