Word: short-run
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Commuter trains, which habitually lose money, are habitually dirty, uncomfortable, crowded, apt to be late-and generally a closer kin to Emett's famed Punch cartoons than to the glossy streamliners. The short-run trains are little better. For the smell of stale tobacco smoke, the sight of stained seat cushions, and close contact with orange peel, cigar butts, and sandwich wrappers, the U.S. offers nothing quite like a Pennsylvania Railroad day coach on the New York to Washington run...
Cure? What to do about it? First, says Cleveland, N.A.M. should have a free election of top officers, and let the membership play a bigger role. It might then adopt a code of ethics "with an eye to something more than short-run profits...
...group whose membership is voluntary, Cleveland admits, enforcing the code would be tough and perhaps impossible. Nevertheless, "let organized industrialists define economic abuses and act against them . . . develop adequate group controls in those industrial areas where real economic competition has ceased to exist . . . look beyond the short-run profit motive to the old but valid goals of true free enterprise. Until at least a start is made in this direction, the possibility of progressive leadership's emerging from within industry is very remote...
...made a considerable splash in 1934 with his The Coming American Boom. Since then, Major Angas has offered his prophecies, at $25 a year ($100 an hour for private consultations). Last week some of Angas' titles were typical of his gloomy views : Psychology of the Coming Slump, Short-Run Rally, Not a Bull Market - Don't Be Fooled by the Rally...
...world peace, the Legion to the contrary, as it has never prevented war in Europe's conscription-ridden countries. Though it may give the illusion of bringing national security closer, UMT can do little but make the U. S. and the rest of the world trigger-happy. In the short-run, the ten million veterans preclude any necessity for what is in reality a peace-time draft...