Word: slump
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Dates: during 1940-1949
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Harvard hopes for victory in the forthcoming series with Yale faded Saturday afternoon when the best pitching the Crimson could offer was not able to quell a slugging Holy Cross nine, and when the Crimson continued their season-long hitting slump against Rookie Gene O'Connell of the Crusaders...
...sudden decline of defense expenditures at the end of the war (a decline which, in itself, is highly unlikely) may induce a post-war slump, unless counteracted by deficit spending for other purposes. However, it will be more desirable to pay relief to the (then) unemployed, than to redeem bonus payments to former soldiers, independent of their economic status and need...
...proposed lopping off the excess of total wages over total goods available for consumption by paying workers partly in bonds rather than cash. This would keep prices from rising in the wartime world when income soars while output is shifted to defense needs; and, in the post-war slump to be expected when the armament program is abandoned, the payment of these bonds would provide a cushion of consumer expenditure. England has already put the plan into effect by promising post-war rebates of the new taxes on low income groups. The full Keynsian program will go into effect this...
Washington, unable to take that drastic a step, feels that its bonus scheme would answer post-war slump problems as well as strengthen army morale. By paying the trainees in non-transferable five year bonds the $20 differences between the $30 a month that draftees get after four months service and the $50 a month which the minimum wage law would guarantee them in private industry, the Administration could boost esprit de corps. Later on the army's pay system might be a good argument for slipping the same medicine to labor...
Only footballer Cleo O'Donnell was able to garner more than one hit off fast-ball artist Bill Bowler for the school-boys, but Brooks Heath touched him for a homer in the first with two on to start the show, and Paul Butler snapped his ten-game batting slump with a triple...