6

Page Six

THE COLLEGE NEWS

Wednesday, October 30, 1957



‘Are We Headed For A Depression?’
Topic Of Mister Baratz’s Discussion

On October 28, Mr. Morton
Baratz, Bryn Mawr’s new member
of the Economics Department, gave
a talk in the Commons *Room on
the topic: “Are we headed for a
Depression?” After a definition of
a depression and a glance at the
four major factors which play a
role in economic cycles, Mr. Baratz

went on to the long-range effects}ceipts might bring about a sudden

which the present situation could
involve.

A depression, he explained, is a
decrease in the gross national
product, with a corresponding de
cline in employment. The four ele-
ments which affect this are the con-
sumption expenditures (durable and
non-durable), private

situation.

investment | nection, our exports have been con-
(in plants, equipment ,homes, etc.),|Siderably ahead of. our imports

The government expenditures
are, in contrast, relatively high.

Calendar

.|Thursday, October 31

7:30 p.m,, Reverend Robert Mont-

gomery of Princeton will speak.
Art Lecture Room, Library.

Though the present administration| Friday, November 1

has tried to advocate a low budget,

2:00 p.m., Bryn Mawr chorus

it has not succeeded very well—|sings with the Philadelphia Orch-

especially, in the light of Sputnik.

estra.

Academy of Music. Repeat

In the same vein, the state and|performance, Sat. evening.

local governments’ are spending
regularly. Here, a drop in tax re-

change, in contrast to the federal
Lastly, the foreign sales are not

to be overlooked. Just as the sales
abroad affect us favorably, so the

Sattrday, November 2

Alumnae weekend begins.
2:00 p.m., Cornerstone laying of

new Biology Building at Park Hali.
Sunday, November 3

7:30 p.m., Chapel service, Music

Room, Goodhart.

products we import tend to absorb|Monday, November 4

the funds which might have gone

7:15 p.m., Current Events, Com-

into domestic products, In this con-|mon Room.

8:30 p.m., Class of 1902 Lecture.

Mr. Derk Bodde will speak. Good-



Bureau of Recommendations

Job Notices

WORLD AFFAIRS COUNCIL
.. MEETING IN PHILADELPHIA...
JOBS IN THE INTERNATIONAL

FIELD

A conference will be held on
Wednesday, November 6th, from
4 to 6 p.m. Please leave your name
at the Bureau of Recommendations
if you would like a ride to town.

Reminder

The Federal Civil Service: Appli-
cations for t November 16th
examination close this Thursday,



hart Hall.

Tuesday, November 5
8:30 p.m., Mr. Maurice Rosen-

blatt will talk on “The Political

Implications of the Little Rock

Crisis.” .Common Room.



October 31st. Cards and booklets
at the Bureau. American citizens
only. Open to Juniors as well as
Seniors and Graduate Students.

The November examination will
be the only one given at the col-
lege this year. Students wishing
to take a later one may go to Phil-
adelphia or to the centers near
where they live.

Odd Jobs now Open: Please see
Mrs. Dudley unless otherwise indi-
cated.

On Campus

Deanery: Student to type menus,
Tuesdays, Thursdays, Saturdays.
Come at 10:30 a.m. Takes abput an
hour. $.75 an hour.

Sales Agencies

Wanted: A bridge-playing stud-

ent to sell a new form of duplicate

_|boards. Good commission.

federal government spending, and
the net foreign investment, which
equals the export minus the import.
If one or more of these factors
rise then the national economy will
naturally be affected.

As far as the consumption ex-
penditures are concerned, there has
been a leveling off in the past five

months in some sales, a modest |

~aéeliné’ ‘im “Others. “Car ‘and televi-
sion sales, for instance, have been
diminishing rapidly. Goods are sell-
ing at slashed rates. (“No one buys

retail any more.”) However, as
Mr. Baratz was quick to point out,
these figures are’stated in terms of
current prices; the rise in expend-
iturés in services are a reflection
upon the accompanying rise in
prices.

The investment picture, too, is
somewhat unfavorable. Housing
production, for instance, is con-
siderably below average. Compan-
ies are curbing their investment in
machinery and equipment; this in-
dicates to some extent the drop in
sales. Business failures, with its,
peak in February-March, 1957, are
“high.



The Reverend Robert P. Mont-
gomery will speak tomorrow
night at 7:30 in the art-lecture
room, His topic will be ‘“Re-



ligion and Psychiatry.”







since 1934—a favorable condition.
However, there has been a sharp

Events in Philadelphia

drop in exports recently, because THEATRE

of the inflation abroad.
What are the prospects for the
future? According to Mr. Baratz,

Forrest: “Nude With Violin” opened Monday for two weeks; Noel

Coward makes first Philadelphia stage appearance in his own

comedy, a spoof of modern art.

though we are in for a “recession Walnut: “Farblonjet Honeymoon” opened Monday for one week; Molly

of a certain magnitude,” greater

Picon in American-Yiddish musical comedy.

than the 1958-54 one, it is not asi gonybert: “Rumple” Phillips-Reardon-Schweikert musical with Eddie

serious as the slump in : 1948-49, | | =
atid certainly not equal to the 19297 N AUSIC
Boris Christoff: Bulgarian basso in recital Tuesday, October 29.

catastrophe, This “in-between” re-

_Fav._Gratchon_Wvler_and Stenhen Douglas. final week _

ret cwterias

cession could happen; on the other) phijadelphia Orchestra Student Concert: Maria Tallchief and Andre

hand, a drastic change in govern-
ment policy, or a “little war” could
offset every prediction.

In case a recession does occur
what can be done? It is doubtful
that it would develop into a full-
size depression because of the fed-
eral government support. The gov-
ernment is compelled to take steps
to allay or cure such a relapse, re-
gardless of its policy. The only
problem is that of timing. The
administration cannot move too fast
instead it must wait until the prob-
lem has developed sufficiently to do
something, but not. until it is past
control, Here, in contrast to 1929,
when the laissez faire attitude pre-
vailed, public opinion backs up

guest stars, Ormandy conducting, Wednesday,

— x
| 12:45. $1.00 an hour.

* Egilevsky, dancers,
October 30.

“Norma”: Philadelphia Grand Opera stars Anita Cerquetti, Nell
Rankin, Thelma Votipka, Walter Fredericks, Thursday, October 31

Philadelphia Orchestra: All-Bach program ‘featuring pianist Agi
Jambor, with Three-College Chorus, Ormandy conducting. Friday
afternoon and Saturday evening, November 1 and 2.

MOVIES

Viking: “Time Limit,” prisoner-of-war drama, Richard “Widmark

Richard Basehart.

Green Hill: “Town on Trial,” British police drama, John Mills, Barbara

Bates.

Goldman: “Operation Mad Ball,” comedy of U. S. Army hospital unit
in France, Jack Lemmon, Ernie Kovacs.

‘Mastbaum: “Hunch Back of Notre Dame,” remake of Hugo classic,
Anthony Quinn, Gina Lollobrigida.

Studio: “‘Mademoiselle ‘Striptease,’

Brigitte Bardot.

French comedy, Daniel Gelin,



The Wembley sweater agency is

still open.
Off Campus

Shipley School Bells still open.

i, Friday evenings, 7:30 to
10:00.

2. Saturday evenings, 7:30 to
10:00.

$.75 an hour.

Jobs for Next Year: Please see
Mrs. Crenshaw.

First Teaching Position of the
Year: Day School in New York.

Upper School Biology and Chem.”

istry. $3000 for a beginner.

Harvard Medical Center: Chem.
istry and Biology majors as re-
search assistants. Positions open
in June and September. Unusual
need this year. Salaries not stated.

Allied Stores Corporation, New
York. Executive trainees at $300
to $325 a month ,according to sum-
mer experience—or lack of experi-
ence,

“There are Careers for Women
in the Episcopal Church.” This
booklet may be consulted in the
Bureau Reading Room.





government intercession.

Mr. Baratz concluded his talk by
saying that although we are not
in for a major depression, the busi-
ness cycle is by no means elimin-,
ated, and must always be taken
into consideration.



Lost and Found—located in
Taylor Basement near the Bur-
eau of Recommendations, is open
from Monday through Friday

from 1:45-2:00 p.m.







Electromatic ‘Typing and
Mimeographing Service
58 Prospect Ave., Bryn Mawr
Call evenings 6 to 9:30 P.M.
Sat. 9:00 A.M. to 4:00 P.M.
LA 5-4952







Make Halloween your Day for
Bewitching.. Have your hair
styled and set at the

VANITY SHOPPE

LA 5-1208 Bryn Mawr



3. Monday mornings, 11:45 to











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