Word: stagnant
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...interesting question of foreign competition for gilt-edged loans. Foreign banks are not under the control of the Securities Act. Should American banks stand by and see 6 per cent, loans go to other countries? Naturally they want to make money by lending it and with the bond market stagnant and relatively few good bonds available except at low yields, the banks are looking toward 6 per cent, loans as promising them a chance to overcome these last three years of meager return...
...fairly numerous class of foreign scholars who have been cast out from their own country by the rise of dictatorship and have found a refuge in American universities and colleges. This will confirm the opinion long held in wide circles that our colleges are only stagnant back-waters in the rapid flow of modern life, dedicated as ever to obsolete faiths and lost causes. They cling, for instance, to the outworn notion of liberty and give shelter to thinkers and scholars whom the iron broom of Mussolini, Stalin and Hitler has swept out of their native lands. New York Times...
...Siberian frontier" doesn't bother anyone but the Russians, who, as everyone knows, don't count. In fact, all the European countries are wishing they could run excursion trains into the maritime provinces in the spring to cheer the Japs as they munch the bored cadavers of stagnant Siberians. In short, the world is walking on its heels; it has a glassy eye and waddles like a duck; instead of the music of the spheres, the snore of nations now regales the public ear, and even the esoteric mouthing of peripatetic anarchists on route to Union Square sound...
...wished; they have chosen the way of self-destruction. We would save useful mechanical invention, machine production, industrial efficiency, modern means of communication, broad education. . . . But the unnecessary expansion of industrial plants, the waste of natural resources, the exploitation of consumers of natural monopolies, the accumulation of stagnant surpluses, child labor and the ruthless exploitation of all labor . . . these were consumed in the fires that they themselves kindled: we must make sure that as we reconstruct our life there be no soil in which such weeds can grow again...
Corollary surveys of separate countries showed that a nation is most warlike in periods of territorial expansion and economic power, that when a nation is "great" it makes war. Holland, the chartmakers pointed out, long stagnant while other countries scrabbled for land & trade, has doggedly refused to fight since 1833. They concluded that bigger & worse wars are in store, that those who believe otherwise are believers in miracles...