Word: subsistance
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Hugh Sidey's comments concerning the week's activities at the White House [March 3] sickened me. Does Mr. Sidey suggest that the President, Senators, Congressmen, economists, et al., subsist on tuna casserole until solutions to the nation's economic ills are found...
...coined by a Glasgow sanitary engineer in 1905. The author's words and pictures also jolt the modern reader with the horrors of oldtime horse-traffic jams, railroad accidents, street crime, alcoholism, drug addiction and even home cooking. Writes Bettmann of that time: "The masses were forced to subsist on a crude and scanty diet of which tea and bread were staples, supplemented now and then by soup or stew of questionable origin...
...Unlike Salvador Allende Gossens' ill-fated government in Chile, Peru managed to nationalize U.S. petroleum and copper companies without incurring American sanctions. The country, moreover, has enjoyed economic progress under military rule, with an annual growth rate of 5%, although countless Peruvian poor in the Lima slums still subsist outside the economy. Though some militant political parties are banned, Peruvians are allowed to belong to opposition parties and generally enjoy a wide range of civil liberties...
...such widely dispersed peoples, says Medvedev. He methodically ticks off each suggested cause. It is not mountain air, because many of the oldsters live at sea level. Nor is it temperature, because some live in torrid and others in frigid zones. Diet varies radically. Some of the people studied subsist on what heart specialists would consider healthful fare while others consume great quantities of fats and wine...
Running Out. Hutton, like many other brokerages, is suffering from a shortage of capital. Except for a handful of big houses that have sold their own stock to the public, most brokerages subsist on capital contributed by partners and term loans from outside investors; as the loans mature, the outsiders have lately tended to take their money and run. Hutton's partners put another $380,000 into the business in May and negotiated a revised loan agreement with two banks; but even so, the firm last month had less than $1 of capital for every $10 of debts...