Word: sumner
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Today there is an increasing number of economists, notably Harvard's Sumner Slichter, who believe that inflation can be prudently kept in check by Government fiscal policy and a close watch on spending. But inflation should not be made into a hobgoblin that obscures the fact that the U.S. has already expanded enormously without serious inflation -and can do so again. Says a top congressional staff economist: "Inflation really represents one of the most inconsequential economic problems. It should be given the lowest priority, behind such important things as improving our industrial capacity and total production...
...into $30 million to $40 million; No. 4 was known as "the peseta stealer." No. 5, Gerardo ("The Butcher") Machado (1925-33), coupled graft with terror, rode in a $30,000 armored car, had some of his victims fed to the sharks. President Franklin D. Roosevelt dispatched suave Diplomat Sumner Welles to smooth the way for the unseating of the "President of a thousand murders." Welles began a subtle campaign against Machado inside the army itself, and one afternoon Battalion No. 1 of the Cabana Fortress trained its guns on the yellow-domed palace, whereupon Machado cried: "All right...
When Beth Sumner goes to India from the U.S. to stay with her sister, who is married to an American medical missionary, she walks right into an East-West fracas. Beth finds the gate to the mission compound barred by wire and empty oil drums, with Indian pickets waving slogans -MISSIONARIES GO HOME. Her sister and brother-in-law tell the story behind the commotion. Eight years before, they adopted an unwanted, illegitimate Indian infant and raised him as one of their own family. Now the Indian father, a merchant, is demanding him back, and missionaries and merchants are grappling...
Economist Sumner Slichter wrote that "in the opinion of many persons" millions (perhaps 8,000,000) would find no jobs in an economy which, like the service veterans, had to reconvert to peacetime production. Afraid that federal subsidies would lure idle vets to campus, the University of Chicago's Robert M. Hutchins warned that vets would breed "educational hobo jungles." Sociologist Willard Waller, recalling that World War I Veterans Hitler and Mussolini first recruited veterans, wrote ominously: "Veterans have written many a bloody page of history, and those pages have stood forever as a record of their days...
Arrangements for instituting the program during the coming legislative session were made by Edson and Sumner Z. Kaplan, representative from Brookline...