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Biggest news of the conventions was reserved for the last day of the American Economic Association meeting when Professor Rexford Guy Tugwell, Assistant Secretary of Agriculture, took the rostrum, propounded a doctrine which was neither hard nor soft, liberal nor conservative, but from the standpoint of economics bright red. Said he: "We have depended too long on the hope that private ownership and control would operate somehow for the benefit of society as a whole. That hope has not been realized. . . . Private control has failed to use wisely its control of the land...

Author: /time Magazine | Title: National Affairs: Hard, Soft & Red | 1/8/1934 | See Source »

...their elucidation apparently will require more sensitive apparatus." Albert Einstein, at Princeton's Insti tute for Advanced Study, foresaw no need of revising his relativity theory, spoke of deformations in the earth's surface, said the Pease-Pearson results should be "most interesting from a geophysics standpoint." Harvard Observatory's Director Harlow Shapley thought the results were due entirely to the relationship of earth, sun and moon movements, pointed out that the 14¾-day fluctuation was roughly equal to half a lunar cycle and the annual fluctuation to the earth's revolution round...

Author: /time Magazine | Title: Science: Inconstant Constant? | 12/25/1933 | See Source »

...look at situation inside the Democratic party from a political standpoint. Former Governor Alfred E. Smith of New York commands a substantial following. So does Bernard M. Baruch, though the latter has been influential in party councils rather than in the various state organizations where Al Smith holds sway...

Author: By David Lawrence, | Title: Today in Washington | 12/1/1933 | See Source »

...available at the Geography Building, the problem of sponsorship and expense, already happily solved in the case of the French films offered periodically, should present no insurmountable barrier to this project. The educational advantages to be gained are too obvious for mention. But whether regarded from the purely cultural standpoint or looked upon merely as an opportunity for the undergraduate scholar to see and hear a difficult foreign tongue as spoken in its native habitat, the introduction of a series of well selected German films would serve a definite purpose in Cambridge. As it is not permitted to charge admission...

Author: NO WRITER ATTRIBUTED | Title: IM WESTEN NICHTS NEUES | 11/29/1933 | See Source »

...higher prices simply mean lower physical turnover, less industrial activity, and deeper depression. Only an increase in the flow, that is, in the velocity times the quantity of money, can produce the greater turnover of goods which alone means prosperity for farmers or for anybody else. From the specific standpoint of the farmer, the velocity of money means the number of times an average dollar bill passes through his hands in a month or in a year; and since there is little likelihood that this figure can be raised for him, the only thing to do is to increase...

Author: NO WRITER ATTRIBUTED | Title: Yesterday | 11/6/1933 | See Source »

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