Word: shortly
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Dates: during 1950-1959
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...where Shaw's writing was weakest and most forced. The two acts of Part I ("In the Beginning") remain virtually intact, and these are really great writing and great theatre. In Part II ("Gospel of the Brothers Barnabas"), Moss has strung several comments by one man together into a short address; with the house lights half up, Professor Barnabas speaks to the audience as though addressing one of his biology classes--an effective solution indeed. For Part III ("The Thing Happens") Moss drew largely on the final portion. In Part IV (the long-winded "Tragedy of an Elderly Gentleman...
While U.S. firms with high credit ratings can still make short-term loans at 4%, British businessmen must pay 51%. In Germany, Japan, France, Brazil and Greece, interest rates run anywhere from 7% to 12%. For smaller companies, the effective rate often is much higher, reaching 25% or more annually. Even at such rates, demand so far outstrips supply that companies are hard-pressed for expansion capital, are turning increasingly to profits to get the funds they need. In Britain, West Germany and Belgium, some businessmen are plowing up to 60% of all profits back into their firms...
...World Bank and the U.S. Government's Export-Import Bank are doing their best to alleviate the capital shortage, but the aid falls far short of demand. Nor have private investors in the U.S. and Great Britain, traditionally major world exporters of venture capital, been able to supply the demand from overseas, especially since pressure for capital at home is greater than ever. Overseas, even in cases where investment opportunities compare favorably with those at home, a lack of political and economic stability and the threat of nationalization have acted as a deterrent...
Despite the uncomfortable short-term effects on industrial expansion, few economists are seriously worried that the present capital shortage will harm the free world's economy over the long run. Most consider it an inevitable and, to some extent, desirable byproduct of worldwide prosperity. In many nations, the shortage of money acts as a brake on hell-for-leather expansion programs that threaten to burst their economic seams. Often the general effect is to create a natural rationing system based on the laws of supply and demand, which tends to channel capital away from marginal projects into more important...
From Allen's start it is only a short leap to NOTES FROM UNDERGROUND, by Benny Hooper Jr., THE POWER ELITE, by Georgy Malenkov, A CERTAIN SMILE, by Leonardo da Vinci, or THE SUN ALSO RISES, by Aly (MY SON, MY SON! Khan...