Word: system
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Dates: during 1940-1949
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...professors of the "dismal science" have always scotched this sunny Stevenson couplet. To such economists as Thomas Robert Malthus and John Stuart Mill in the 19th Century and John Maynard Keynes in the 20th, the world did not seem so full. Any economic system, said the Mill school, would either become static or it would fail to provide for its own. Lesser Cassandras, including New Dealers, have foretold the depletion of the world's oil and coal reserves, the exhaustion of soils, have pronounced the U.S. economy to be "mature," i.e., incapable of further expansion. Most of these experts...
Bums for Lunch. By 1934, things were going so well that Partners Dobbs and Hull ventured into the food business. But not long after they bought into the Toddle Houses food shops, a Southern restaurant chain, they got in a fight with other directors who opposed their system of employee profit sharing. So Hull and Dobbs set up Toddle-like restaurants in non-Toddle cities...
Ralph Budd, the "president of railroad presidents," obeyed one of his own rules and announced last week that a new man would be running the Chicago, Burlington & Quincy Railroad on Sept. i. A Budd-made regulation requires executives of the fourth longest U.S. railroad system to retire when they reach...
...mild-mannered plugger, Murphy has no hobbies except work, has built his entire reputation within the Burlington system. Before joining the Burlington in 1914, he strung telephone lines, later worked as a laborer, station helper and agent for the old Iowa Central Railroad. After a noncombat stint as an airplane pilot in World War I, he came back to the "Q" as a division engineer and toiled faithfully at assorted jobs, touching every rung on the ladder as he climbed. If hard work could keep the "Q" highballing, Harry Murphy...
...President-elect Otilio Ulate, who have forgotten that Figueres won last year's civil war for them, he went to the people in a radio broadcast. "Costa Rica," he declared, "must not be at the mercy of a social clique. It must not be committed to a feudal system with a puppet congress manipulated for political purposes by a reactionary group...