Word: successful
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Dates: during 1940-1949
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Also, the International Tours sponsored by the national command and sparked from Cambridge were a conspicuous success. Still to be proved, however, in terms of its value to students, is the purchase card discount system which got off to a slow start last spring...
...biggest threats to the success of the devaluation is the possibility that British wages and other costs will arise. Professor Smithies is optimistic about this point: "I think British costs can stay down because I don't believe there is much likelihood that wages will rise by much. And even if wages and costs should rise somewhat, they can't possible rise by the thirty per cent of devaluation...
Finally, Professor Williams believes that much of the success or failure of the British action will depend on the United States. The fundamental cause of Britain's and Europe's dollar deficits "lies in our short-run economic instability and our long run tendency to outstrip others in production." The remedy here, Professor Williams feels, may be President Truman's "Point Four" plan to build up undeveloped regions through export of American technology and skill. "And we must preserve stability at home if we really want to achieve a world balance by some other means than the expenditure...
...move's chances of success, Professor Haberler agrees with Professor Williams that Britain's internal welfare program should be less lavish and that her sterling war debt should be repaid less liberally. He also thinks this country sooner or later will have to allow its export volume to drop. "Otherwise we must resign ourselves to subsidizing the world forever...
...blinker lights began yesterday in Harvard Square and promises to create bedlam for the next two weeks. the new lights and islands will implement the city's plan to turn the Square into a rotary traffic circle, a plan that is now being given a 30-day experimental trial. Success of the whole plan hinges on the ability of large trucks and trackless trolleys coming into the square from the Central square end of Mass. Avenue to negotiate the sharp turn around the subway kiosk...