Word: trend
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Dates: during 1940-1949
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...last two years, the Museum has developed a flair for the modern, supplementing its Gothic saints and saviours with shocking heresies like the recent exhibit from the Bauhans, which includes abstractionist chess sets and stained glass made of beer bottle bottoms. Visitors are a little surprised by the new trend, but on the whole they seem to like it. The only ones who are disappointed are the two or three a day who wander in and ask to see the glass flowers...
This year, British exports to dollar areas, after a year of steady climb, turned sharply downward; for the first two months, exports were 13% below the last quarter of 1948. If the trend continues, Britain will still have a dollar deficit when ECAid is stopped in 1952. "It's no longer a matter of production," explained the Board of Trade's President Harold Wilson. "It's now a matter of selling...
...retract. Admitting that he had not "acted cleverly," he dutifully sent in his recantation, for the current issue of Questions of Economics. It sounded familiar-almost as though the Russians now had printed forms for these occasions. Wrote Varga: "I formed a whole chain of errors of a reformist trend-which naturally also means of a cosmopolitan trend-because they beautify capitalism . . . [My errors] have caused great harm and compelled our economists to return to questions long ago correctly solved by Marxism-Leninism...My mistake was that I did not recognize right away that my critics were correct. But better...
...objection to this formula is that it will not respond to any major agricultural trend until five years have passed. The last ten years have been amazingly plush for agriculture, and market prices are likely to drop considerably in the future. Since the Brannan plan shifts the financial burden from the consumer to the Treasury, the immediate effect of the plan would be a large drain on the public funds. But any subsidy plan essentially involves a redistribution of income, and this becomes a question of how much income will shift from the tax-payer to the farmer...
Among the food companies, Corn Products Refining Co. led the parade by more than doubling its profit-to $3,314,562. But General Foods probably gave a better indication of the general trend. Its gross was up slightly to $127,802,860, but rising costs cut its net from $8,155,176 to $7,593,797. Even the airline and aircraft industries, which had long been ailing, were perking up. Prime example: Douglas Aircraft Co., which had earned only $23,862 in 1948's first quarter, this year earned $2 million, the result of rearmament contracts and a cost...