Word: virtualization
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...last years of the nineteenth century, Harvard students were the blood let victims of Cambridge merchants. These gentlemen, because of the poor transportation facilities, had a virtual monopoly over the student' purchasing power. And thus Charles H. Kip '83 was moved to organize the Harvard Cooperative Society. Mr. Kip's main purpose in founding the Society was to make living cheaper for the students, what at that time were unduly burdened with the exorbitant prices charged by local establishments...
...Britain's Imperial Airways curtailed passenger flights in Europe, but maintained its transatlantic and Empire services. >Recalled from South America by their Governments were the planes of Germany's Lufthansa and France's Air France. Thus Pan American Airways became virtual cock-o'-the-walk on both North & South Atlantic routes...
Even more disturbing than the lack of censors was the virtual absence of any news whatever from the Allied fronts. Reporters, barred for the present from the scene of war itself (though a limited number are expected to go later), were dependent on brief and cryptic official communiques. Europe had some 10,000 newspapermen covering the war (including A. P.'s 664,* U. P.'s 500, something like 7,750 men employed by foreign agencies) and most of them had nothing to report. Result was that they picked up rumors where they could. All week long...
...panic, no steep drop in prices. The Dow-Jones industrial average of 30 industrial stocks which had dropped almost 7 points to 135.11 in the week ending August 19 oscillated without great excitement. Its low was 133.31 on August 24. Then it began to climb as war became a virtual certainty...
...Outer Mongolia is a backdoor, not only to China, but to Russian Siberia. If and when the Japanese and Russians decide to fight for keeps, the barren Mongolian plateau will see its biggest battles since the days of Ghengis Khan. In preparation for that day, Russia has declared a virtual protectorate over the Mongol Peoples' Republic, raised a Mongol Army of 250,000 and equipped it with modern military gadgets-artillery, tanks, machine guns, righting planes. The Mongol Army's greatest accomplishment has been to keep some 350,000 of Japan's crack troops and much...