Word: summing
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Dates: during 1960-1969
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...week, Louis Paradiso, chief statistician for the Commerce Department, reported an ingenious system of ranking U.S. industries on this count. Key to Paradise's box score is the amount of value that a business adds to the economy for each worker it employs-the added value being the sum of wage outlay, company profits and interest payments to lenders. For U.S. business as a whole, the value added to the economy per worker in 1960 was $5,600. The standings of specific industries, expressed as a percentage of that average...
When the neoclassics took over, Tiepolo's work sank into obscurity, but there is a particular touch of pathos about the Victoria and Albert drawings. The story goes that one night while Tiepolo was working in Madrid, his wife lost a large sum of money gambling at cards in Venice. Her opponent suggested that she play again, this time putting up all the drawings by her husband that she had in her house. She played and lost-and then lost again, until not only the drawings but also the house were gone. The drawings, held cheap as gambler...
...example, no one can plant wheat as a cash crop this year unless he has grown it in each of the last three years. And the acreage restriction plan encourages an exploitative attitude toward the government--give Orville your worst land and seed the rest more heavily. In sum, the role of the government in Freeman's paradise is that of a silly and meddlesome despot whose chief idols are underproduction, inefficiency, and waste...
...Reported TIME, July 2, 1945: "There was no simple touchstone, no all-embracing word to sum up the world organization that emerged this week from San Francisco. Augustus had sought the security of his world through Roman 'justice'; Gregory through Christian 'brotherhood'; Napoleon through 'law' and the Grand Army; Metternich through 'legitimacy'; Wilson through 'democracy.' The San Francisco conference had no comparable key; it just said 'security.' By stressing the goal rather than the path, it opened the door to all opportunities-and to all contradictions...
...Western world of our day," says Toynbee, "the tempter's role is being played by everything we sum up under the name of Madison Avenue. A considerable part of our ability, energy, time and material resources is being spent today on inducing us to ... find the money for buying material goods that we should never have dreamed of wanting had we been left to ourselves...