Word: basicly
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Refugees not from their own government but from the unscholarly din of European war are Britain's world-famed Bertrand Russell (soon to become a U. S. citizen); Ivor Armstrong Richards, now working on Basic English at Harvard; Anthropologist Bronislaw Malinowski at Yale. Last fortnight famed Finnish Architect Alvar Aalto, who was to direct Finland's reconstruction, changed his mind, decided to stay in the U. S. and teach at M. I. T. Latest scholarly arrivals in the U. S are University of Aberdeen's Lancelot Hog ben (Mathematics for the Million, Science for the Citizen...
...these all-purpose standing forces, another sketchily trained army of 300,000 would be assembled to stand at ease, ready for home defense. Beginning Oct. 1, bachelors between the ages of 21 and 45 would be called up in installments of 30,000 for 30-day periods of compulsory basic training...
Standard production Index is the Federal Reserve Board's, which had slumped from its War II (alltime) high of 128 in December 1939 to a dispirited 102 in April. In June the Index was back up to 114, and continued advances of basic industries in July indicated that it was rising towards 120. Whenever this happens, businessmen who have been burned before begin looking for signs of an inventory glut, wonder how long the recovery can last. But last week they saw few signs of an inventory glut. Production was not piling up in warehouses; it was being consumed...
...World War II prices as a whole have not run away. The Bureau of Labor Statistics index for 28 basic commodities was last week only 106.8, less than seven points above pre-war August 1939, and well down from last September's peak of 127.2. Meanwhile the price index of finished manufactured goods held practically level. The industrial raw materials index was 66.5 before the war, 72.3 in September, only 70.8 three weeks ago. Hence most businessmen do not yet fear runaway prices. Actually, they are more alarmed by the idea of price-fixing by the New Deal...
...Both sides agreed on one important fact: total U. S. pulp-producing capacity is enough for all needs, except for a few specialties. Then, said the Commission, there is no excuse for carrying pulp prices higher. Pulpmen agreed that further price changes should result "only from actual changes in basic costs." Blamed for the pulp squeeze by both sides were "psychological factors"-i.e., hysterical forward buying...