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...Basic theory of New Deal economy has been that the Federal Government should spend in lean years, save in fat ones. Last week, while many another U. S. citizen had begun to wonder whether the country was on the verge of a major business slump, the President made it clear by his saving intentions that he finally felt that the lean years were over. The week began with a new budget estimate showing a net deficit of $695,000,000 for fiscal 1938, $277,000,000 more than had been estimated last April (see p. 19). During the rest...

Author: /time Magazine | Title: THE PRESIDENCY: Balanced Thinking | 11/1/1937 | See Source »

...Breaks." Lawrence conceived the basic idea of the cyclotron in 1929 when he read a paper by an obscure German on the behavior of ions in a magnetic field. Next year he and three co-workers -Niels Edlefsen, M. Stanley Livingston and David Sloan-built the first cyclotron with a tank six inches across and a small magnet. It worked, but Lawrence pined for a bigger magnet...

Author: /time Magazine | Title: Science: Cyclotron Man | 11/1/1937 | See Source »

...railroad shares had started down as the public gradually became aware of the fact that railroad operation costs had grown much faster than revenues (TIME, Sept. 13). With this crisis becoming more acute, the decline in railroad shares dragged down simultaneously the operations of many a basic industry, best example being steel. Hobbled by several factors, among them curtailment of railroad equipment orders,* steel production last week stood at 55.8% of capacity down from its spring high...

Author: /time Magazine | Title: Business & Finance: Bathysphere | 11/1/1937 | See Source »

...entirely subject to such standards. Disregarded also were certain further clues. Green Hills of Africa, by its very ill-temperedness, hinted that the author, too, was worried. Death in the Afternoon, from one aspect a kind of huge "Anatomy of Death," contains much information on its author's basic philosophy. "All stories," he remarked there, "end in death, and he is no true-story teller who would keep that from you. . . . There is no lonelier man in death, except the suicide, than that man who has lived many years with a good wife and then outlived...

Author: /time Magazine | Title: Books: All Stones End . . . | 10/18/1937 | See Source »

...Widener. It will not come through abolishing catalogues or throwing the stacks open to all comers, although some modifications of the stack rule does seem in order. It will not come through any procedures which would prove in efficient in a large library. It can only come through a basic change in the library's attitude toward the undergraduate. Until the latter feels that the library is his, that attendants are there to help and not restrict him, he will coninue to regard the friendly and hospitable air of the Farnsworth Room as an oasis in an otherwise grim...

Author: NO WRITER ATTRIBUTED | Title: OASIS | 10/18/1937 | See Source »

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