Word: upturning
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...whys and wherefores of this surprising upturn, which involved a fifty per cent jump over last year's figure, nobody knows. Back in the tinselled 'twenties, when Economics, Communism, and Astrology were relegated to the same class as occult sciences, English was a perennial favorite. Who wanted to learn about money? Everyone had plenty. And there were Bliss Perry and Copey and Kirsopp Lake and Kitty and John L. Lowes bubbling over with words of wisdom. They played to standing room only...
...precisely this effort that Washington was gloomy about. Tremendous as the speed of the upturn was, that speed did not seem fast enough. The U. S. under Franklin Roosevelt had one policy, one only, to which all others were subordinate: arm for the defense of democracy -including Great Britain, Greece, China...
What the kitchen cabineteers are arguing is simply this: that without government spending the present upturn would not have come, and that there is still plenty of unemployment to warrant continued government activity. That is not "suppression of the truth." It is not even necessarily prompted by a belief that the economy has hit a period of "secular stagnation," for which "collectivism" is the only solution. It is simply a caution that all is not yet right with the economic system, and that the deceptive Thompson figures should not lead us to cut public activity more rapidly than the business...
Spring talk in the business world is talk of better business. Last week spring talk was of firming stock and commodity prices, of imminent upturn. But spring statistics had yet to measure up to the spring feelings of business. Although February production was figured at 109 on the Federal Reserve Board index (down 19 points from December's all-time high), most visible signs still indicated that consumption and exports were not big enough to keep inventories from growing...
Records take a sharp upturn this week, and are much more interesting than they have been in a long while. Leading the list is Earl Hines' "Rosetta," a piano solo cut a few weeks ago on Bluebird with "Glad Rag Doll" on the other side, a solo that he made for Victor in 1929. As far as I am concerned, this disc settles once and for all who plays the most piano. Up until about two years ago, I' still thought that the "Father" was the top of them all, but after that he didn't do any recording...