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...76th Congress. In the next twelve-month the Treasury's deficit may well reach 4,400 millions and shoot the National Debt up over 41 billions-six billions greater than the figure of $35,026,000,000 which Franklin Roosevelt anticipated 17 months ago would be the peak of U. S. debts...
...along the coast "so placed that they could drop shells in Gibraltar but yet are invisible from the highest point on the rock": nine naval-type guns are located on Punta Carnero, on the west side of Gibraltar bay, and at least one 15-inch weapon on a high peak near Alcála de los Gazules, some 40 miles inland; 45 more guns, ranging in size from six to 15 inches, have been set up in Spanish Morocco, on the African coastline directly across from the fortress...
...sunspot activity suddenly turned upward after languishing near the bottom of a cycle (TIME, Nov. 13, 1933). Since then sunspots have made much news, growing bigger and more frequent, disrupting transatlantic wireless communication and fostering brilliant displays of the aurora borealis. Astronomers looked forward to a peak of activity...
Since sunspot behavior is irregular, it is sometimes impossible to tell that a peak or a trough has been passed until many months afterward. At a summer meeting of the American Association for the Advancement of Science in Ottawa last week, Dr. Harlan True Stetson of Massachusetts Institute of Technology, reported that the peak of the current cycle had been reached and passed in July 1937. The spots are now on the downgrade therefore, and the world can look forward to a minimum of magnetic storms and to uninterrupted radio communication for four or five more years...
...mass psychology," sunspots may affect stockmarket prices and other indices of prosperity. From 1929 through the Depression bottom of 1932 to the highs of 1937, the correspondence between active sunspots and booming business has been remarkably close. Last week it was also seen that the July 1937 sunspot peak preceded the August market break by only a few weeks. Thus Depression II may be linked to the current sunspot downgrade. But no temporary outburst of sunspots was reported to accompany last week's ebullient stockmarket...