Word: recessional
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Dates: during 1930-1939
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To John Businessman inventories mean one thing only-unsold goods. When production outstrips consumption, inventories pile in warehouse and on shelf, and sales-managers grow obstreperous. When inventories pile as high as they did in 1929 a depression follows. When they pile as high as they did last summer a...
One voice crying in the wilderness was the voice of the French Deputy from the Creusot district, Paul Faure. Several times in 1931 and 1932 M. Faure made speeches to the Chamber. He raised the question of the Hungarian loan and asked, in essence, Who holds the bag? Obviously not...
"I don't wish to be unduly alarmist." said he, "but the farthest nebulae are doubling their distance from us every 1,300 million years and astronomers will have to double the apertures of their largest telescopes every 1,300 million years simply to keep up with their recession...
"Business should strive to secure larger volume and more stable profits instead of attempting to raise the price level. . . . A choice must be made between the retention of a considerable amount of competition . . . or a very large measure of Government control. If we have a recession again such as we...
Universe. Belgium's Abbe Georges Lemaitre, astronomer and relativist, once thought of the universe as cosmic shrapnel -fragments still receding violently from the explosion billions of years ago of a single primordial atom. In Pasadena last winter he explained to a respectful listener named Albert Einstein how this picture...