Word: spending
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Dates: during 1930-1939
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Meanwhile, speculation and the illusion of prosperity may itself encourage an increase of consumption, giving business a genuine stimulus. And although Congress last summer rejected the idea of Capital Goods spending, the crisis had put into Franklin Roosevelt's hands the means of carrying it out in the name of preparedness. Gone was the Administration's peacetime notion of self-liquidating projects. Peace itself had been liquidated. Last week even Henry Morgenthau, who opposed public works spending, rehired Chicago's learned Jacob Viner, Princeton's Winfield William Riefler, No. 1 & 2 Treasury anti-spending brain trusters...
...before they need to borrow in the U. S. foreign purchasers can spend their existing U. S. credits. Last week Government estimates revealed that foreign investments (roughly 50% British, Canadian and French) amount to some $8,300,000,000. This includes $2,600,000,000 in bank deposits and short term credits; $4,000,000,000 in marketable securities; $1,700,000,000 in direct investments. By taking over the holdings of their nations, belligerent Governments will thus have over $4,000,000,000 for war purchases. In addition Britain is believed to have a gold reserve of approximately...
Here Freshmen eat and make the time-worn jokes about the stuffed animal heads on the wall and the daily menu. Here they spend hours in the pool-room downstairs. And here in May they dance at the Jubilee, last organized class affair before Senior year and Commencement...
...locks (see map). These will: 1) take care of 45,000-ton battleships, now abuilding, which will be too big for the present locks, 2) provide an alternate route if one set of locks should be wrecked by enemy bombing planes. Meantime, the Army announced a plan to spend $53,000,000 on new defenses in the Canal Zone. For the Canal's second quarter-century may be as important in war as its first quarter-century was in commerce...
Ballerina Vera Zorina (real name: Eva Brigitta Hartwig), nimble-limbed star of I Married an Angel, announced that on her forthcoming trip to Europe she hopes to spend much of the time in the nude. In Chicago she has ordered a is-ft. canvas roof enclosure, on the Normandie a private sundeck. Said she: "It [sun bathing] has been wonderful for my health. My only difficulty [in Hollywood] has been with a nasty man in a red airplane...