Word: ahead
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Dates: during 1950-1959
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...afford to be cool because state unemployment-compensation treasuries, constantly replenished by payroll taxes, are still well filled. With a record $320 million drain in February, the total pool decreased by only $173 million, leaving a huge balance of $8.2 billion. Despite gubernatorial coolness, the Administration will probably move ahead with some sort of plan expanding unemployment compensation. At the same time, it will continue speeding the flow of federal money into the economy. Last week the President ordered Housing and Home Finance Administrator Albert Cole to speed up the spending and lending of about $650 million in funds already...
Iran's Shah Mohammed Reza Pahlevi told a nationwide radio audience to go ahead and celebrate the country's New Year without him: "I am sorry not to be able to personally participate in the rejoicing of my nation on this festive occasion. In order to ensure the future of the country and to safeguard the hereditary monarchy, I was constrained to part with my dear spouse, who during difficult times in the past seven years ever shared my sorrows . . ." In Cologne, ex-Queen Soraya, a divorcee because she bore no children (TIME, March 24), planned a trip...
...industry layoffs, and many textile mills are on a two-day week. Tennessee's troubled coal industry is 50% laid off. Yet unemployment, percentagewise, is less than in the North. Texas unemployment is up to 5.7% of the labor force, yet retail sales are running 2% ahead of last year, and the University of Texas' index of business activity is 1% ahead of 1957. Department-store sales are down slightly, mainly because of bad weather. But at Atlanta's hard-selling Rich's department store, sales are even with last year. Businessmen count on their growing...
...need for finding new markets for its surplus capacity, which is partly due to a miscalculation; the new plants in many cases have proved capable of turning out more goods than expected. U.S. Steel is still budgeting $665 million this year for further expansion; Inland Steel is going right ahead with its $280 million program. Said Big Steel's Vice President and Comptroller W. A. Walker: "It is not prudent or intelligent of management to halt expansion when things are poor. It is easier to build now. You get more for your money, although prices aren't down...
...TOURIST SPENDING will top last year's record $1.9 billion. American Express reports 660,000 Americans will visit Europe alone-10% more than in 1957-and hotel bookings are running as much as 50% ahead. Paris expects 420,000 dollar-laden American visitors, Brussels 400,000 (thanks to world's fair), Rome 313,300, London 300,000, Amsterdam and Madrid 210,000 each...