Word: guesswork
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Dates: during 1930-1930
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That which bankers like least is guesswork. Yet every Tuesday and Friday all member banks of the Federal Reserve system have to make a hurried guess around 3 p.m. The guess is not what their condition is at the moment, for that is always ascertainable, but what it will be later in the day when they make their semiweekly reports to the Federal Reserve. Late transactions can turn proper reserves into surpluses or deficiencies. A surplus signifies a multiplied loss of profit owing to the fact that a dollar in reserve means many dollars in banking power; a deficit means...
...Census Bureau last week put a partial end to months of political guesswork when it announced its first official count of U. S. unemployment: 2.508,151. This figure, as of April 1, included only those out of work, able to work, looking for work. It did not include those with jobs who had been laid off without...
...eliminate guesswork and tradition from golf instruction," the Professional Golfers' Association hired a movie camera geared to take 3,200 pictures per second, sent it to Atlanta last week to photograph Robert Tyre ("Robot") Jones Jr., world's best golfer, making his shots. George Sargent, onetime P. G. A. president, superintended the photographing. He said that pictures would also be taken of England's Joyce Wethered, foremost female stylist, and 'of graceful old Harry Vardon. The pictures will be distributed to P. G. A. members to teach them how to teach...
...present welter of things, "Krish-naji sees something saner and finer emerging and a rather soul-sick intelligentsia turn to the astonishing and uncanny vitality of this stripling-scholar, not for bromidic guesswork, but for a bracing challenge to women and men to shake off ''bribe of Heaven and threat of Hell " and stand on their own feet...