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Dates: during 1930-1939
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...week the President reviewed the budget for fiscal 1938 ending next June. Revising his figures on the current budget for the fourth time since he predicted a "layman's balance" a year ago, President Roosevelt estimated receipts at $6,320,000,000, expenditures at $7,408,000,000. Result: a 1938 net deficit of $1,088,000,000. The change in the past year from an estimated balance to a billion-dollar deficit was caused largely by an overestimate of income tax revenues, an underestimate of the possibilities of Recession...
...budget, the forecast for receipts was $5,919,000,000, for expenditures $6,869,000,000. Result: a 1939 net deficit of $950,000,000. On the outgo side the President tentatively set down Defense at just under a billion, Relief at just over a billion, then added: "Due to world conditions over which this Nation has no control, I may find it necessary to request additional appropriations for national defense. Furthermore, the economic situation may not improve-and if it does not, I expect the approval of Congress and the public for additional appropriations if they become necessary...
Thirty-five years ago German Composer Richard Strauss and his librettist, Dramatist Hugo von Hofmannsthal, went back to Greek drama for a subject. The result, Elektra, is the most hair-raising of modern operas...
...power. A good cook who does her own housework, Miriam Beard spent eight years accumulating the amazing mass of facts for A History of the Business Man, had to be goaded into finishing the book by her energetic mother, almost had a nervous breakdown before she completed it. The result is a volume that businessmen could value as a lucid, informative study of their pioneering ancestors. The dimensions of the book are extraordinary. The 28 chapters are subdivided into 209 sections, covering commercial cities from Carthage to Chicago, war makers from Crassus to Krupp, business failures from John...
...popularly elected President of the Freshman class is a myth. It is impossible for any member of the class to know more than about one hundred and fifty of his classmates; and inversely only a fraction of the voters know the men for whom they are voting. The result is that the men are elected from one of two classes: either an athletic hero, or a Union Committee member with plenty of publicity behind...