Word: concernments
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Round No. 2 amounted to an about face in the Treasury's recent credit policies, which helped bring on the Depression. A year ago when Government's prime concern was not Depression but a runaway boom, the Federal Reserve Board boosted bank reserve requirements. This cut down the total of potential credit in the form of excess bank reserves and made money a little more expensive to borrow. Last week the President told Congress it was now time to lower reserve requirements-which the Reserve Board did forthwith. Net effect of lowering reserve requirements was to increase excess...
...operators began to report they were unable to buy vegetables for their staffs. Other meats not available, chicken reached price levels reminiscent of early oil-rush days. Eggs were soon unobtainable. No Anglo-Iranian Oil Co. employe suffers unduly from this lack of foodstuffs, for the rich concern, having profited from cash sales of oil to warring Italy three years ago, can import vast quantities of canned foods...
...after the Great Depression, Poet Archibald MacLeish, growing more and more shocked by contemporary U. S. social and economic conditions, decided that his poetry had better get busy and do something about them. To carry out this decision, which seemed to necessitate writing poems about matters of immediate popular concern, Poet MacLeish began to top-work his poetry on to popular art forms. First sizable sprout to grow from this top-working was Panic (1935), a graft of lyric poetry on the drama. This verse-play depicted a scene from the currently-expected crack-up of what Communists call Capitalism...
Tonight at 8 o'clock in the Leverett House Common Room, the Bunnies' Glee Club under the baton of George W. Phillips '39 will present a joint spring concern with the Boston Junior League which is directed by Mrs. Herbert Harris. The concert will follow the House dinner for the month of April...
...ventured. To many an economist this seemed the surest possible way of offering capital the fullest inducement to get busy and help itself out of the current depression. That the tax reforms crossed the Administration's three-year policy was a matter which did not seem greatly to concern Congress...