Word: straitness
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Dates: during 1930-1939
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Wall Street scarcely noted the bill's passage. On the New York Stock Exchange stocks were slipping to new lows for the year. Trading volume dwindled to the slowest pace in eleven years. With regulation a fact, weary brokers frankly admitted that in their fight against a Federal strait-jacket they had painted the future somewhat blacker than it was likely to be. Their business would be different under Federal rule but by no means extinct...
Lord of the drifting ice pack that crushed and sank his Soviet icebreaker Chelyuskin (TIME, Feb. 26, March 12), jungle-bearded Professor Otto Schmidt has somehow kept his crew alive, fed and sheltered for two months in the - 20°F wilderness of the Arctic Ocean north of Bering Strait, while a semicircle of rescuers hovered from Cape Van Karem, Siberia, to Alaska. Last month a rescue plane swooped onto the ice pack, loaded the Chelyuskin's ten women and two babies aboard, got back safely to Cape Wellen, Siberia. Since then the ice pack, twisted by Arctic currents...
...borrowed from a friend in the airmail service he and Capt. Corniglion Molinier, army pilot, took off from Paris for Djibouti, bent on finding the capital of the dusky queen of Biblical legend. Last week's meager reports indicated that the two men flew from Djibouti across the Strait of Bab-el-Mandeb and 900 mi. northeast into the Great Arabian Desert, almost to the Persian Gulf; that they found walled ruins in such a hilly terrain they dared not land and returned non-stop to Djibouti; that they would attempt the trip again. Unknown to history, even...
When the Chelyuskin was within 150 mi. of the Bering Strait, the ice pack closed its fist, began its inexorable squeeze. On the decks, in the rigging, in Professor Schmidt's beard, a heavy load of ice formed. Last week the ice pack broke the Chelyuskin's steel heart. From bow to engine room the port side stove in amid great grindings and crunchings. The sudden cold burst the steam pipes. A plank swept the chief steward overboard...
...have to be told that he was going to Washington in behalf of a lost cause. Nothing could divert the Administration from its determination to put the Stock Exchange into a Federal straitjacket. All President Whitney could hope for in the political battle ahead was to keep that strait-jacket from squeezing the breath of life entirely out of the stock trading business...