Academic

Tickers, Trackers, and . . . Tamils? Today in 1930

By Kim Krawiec

I couldn?t think of a better word beginning with ?T? to represent India, so that will have to do.  Regular readers know that I am a fan of the blog, News From 1930, which provides a daily news summary based upon the author?s reading of the Wall Street Journal from the corresponding day in 1930.  (See here for my prior description of the blog).  A few items of interest from today?s entry: 

Wednesday, September 3, 1930: Dow 240.42 +0.0 (0.0%)

?With the new high-speed ticker in full service, the entire machinery of Wall Street seemed geared to greater efficiency yesterday.?

Prof. C. Persons quit job in Census Bureau because higher official decided to exclude from count of unemployed those laid off with ?promise of reemployment at some indefinite future time?; Prof. Persons estimates there are 5M unemployed, contradicting census estimate of 2M-3M.

Editorial: ?Deep as may be American sympathy for ... self government, the Indian question cannot be judged by American viewpoints.? Sir J. Simon makes case that India not ready, although British govt. pledged to ?give them that opportunity as rapidly as they are prepared for it.? India is mix of a dozen languages with hundreds of dialects, as well as religious split between Hindu and Muslim. Also, rigid caste system ?is not a promising field for independence and self government.?

Also: Times asks J. Gerard's list of 64 ?rulers? of US how to tackle business depression. Buckling down to work recommended by S. Mitchell of Electric Bond & Share and A. Zukor of Paramount; W. Crocker of First Natl. Bank San Francisco, sees depression as severe only compared to 1929 boom, says mental adjustment needed to slower advance in business; W. Green of AFL, calls for teamwork between business and govts., fulltime employment of workers. (emphasis mine)

Full post as published by The Faculty Lounge on September 03, 2009 (boomark / email).