Word: slumping
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Dates: during 1940-1949
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Notable among the allegorical figures was "Gloom," garbed in long black veil and sweeping Gay Nineties feathers, who delivered dire predictions ("Slump and boom, slump and boom, is the rhythm of your doom"). There was also "Black Market" in a Piccadilly zoot suit; he offered his wares "out o' patriotism so as ter keep the owld country goin'," Central character was "Fear" (entwined from head to toe by a prop serpent), who declaimed: "Of all lands, my favorite and pet is England, blitzed and starving and in debt...
...Labor Party has given up great chunks of empire-India, Burma, Ceylon. At home it has nationalized transport, coal, electric power, aviation, overseas communication and the Bank of England. It has also raised taxes and cut rations, and its popularity has taken a definite, although possibly not decisive, slump. Last week the Labor Party met at Scarborough in its annual conference to take stock of its accomplishments and chart its further aims. From Scarborough TIME Senior Editor Max Ways reported...
...stopped the abrupt decline in our exchange reserves," said he, and "our domestic economy has continued to boom . . . the general policy for this year should be to use our surplus [$670 million] to reduce our debt and thereby to fight inflation . . ." The nation should get set for an economic slump, and be ready for an international emergency. "A substantial surplus will help to keep our powder...
...bought too much bottom-drawer stuff, because it could not afford the prices other magazines paid for top-drawer pieces. The magazine had improved notably after Editor Richard E. Lauterbach, former LIFE staffer, took over seven months ago-but not enough to withstand the spring newsstand slump. It was running only a little above its advertising guarantee...
...dailies. He must be more sophisticated and analytical than American readers. But after stripping opinions from the facts, he not only knows the news, but also knows what the political parties think of it." (He is also out 25 or 30 francs, which helps account for the newsstand slump.) His alternatives (if he can read English): the European edition of the New York Herald Tribune (circ. 62,000), and the London Daily Mail's continental edition (45,000), the only real newspapers -by U.S. standards-in Paris...