Word: assets
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Dates: during 1920-1929
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Tourists. The U. S. had a favorable trade balance (exports over imports) of more than a billion dollars last year. This asset was liquidated by the spendings abroad of U. S. tourists who, in national economic effect, had a free trip over and back. When the stockmarket crashed, its effect was felt even in Switzerland where resort bookings for U. S. tourists were heavily cancelled, U. S. children withdrawn from Swiss schools...
...total decrease of twenty-two percent, almost twice that of Yale, may be found one testimonial for sanely-controlled participation in athletics. The bugaboo of the dark ages, the athlete's heart, is fast becoming an asset rather than the serious liability it was once regarded. It would be interesting to read the figures of longevity compiled by the insurance companies twenty five years from now to note what effect the stringent medical examinations, the necessary stimulus to studies, and the emphasis of the Varsity Club dietician would have on the future life of the Harvard sportsman...
...explained that the privilege of studying in stacks was a great help to a scholar. To one who is collating a text or occupied in some other equally fine research the convenience of studies in the stacks is invaluable. He thought that the Widener Library is perhaps the greatest asset of Harvard...
...customers. By assuming responsibility for the shipment while en route, Bush Service will be able to give the exporter what is known as "a continuous document of possession," so that he can borrow money on his goods while they are in transit. At present such goods are a frozen asset while in transit. A middle-west manufacturer can put goods for export on a railroad train and forget about them until he receives the money for them from Bush Service, which will collect his customers' bills in Europe. An indication of the scope of the system: in Rumania there will...
...China. To read, write and speak Chinese is an asset invaluable to any U. S. diplomat in the Orient. Such a linguist is Assistant Secretary of State Nelson Trusler Johnson (salary: $9,000). Last week President Hoover sent his name to the Senate for confirmation as U. S. Minister to China (salary: $12,000) to succeed John Van Antwerp MacMurray, resigned. Than Minister Johnson no U. S. diplomat is more versed in the customs and curiosities, the politics and problems of China where, as student interpreter, he began his foreign service career 22 years...