Word: ahead
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Dates: during 1950-1959
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There was no longer much doubt that harried Ezra Benson is going to run up against sharp pitchforks on Capitol Hill in the session just ahead. The Agriculture Department predicted last week that, with improved moisture conditions in prospect, 1958's winter wheat harvest will run a glutting 28% bigger than 1957's. But far from taking the wheat forecast as further evidence that the high price-support approach has failed (TIME, Dec. 23), Chairman Harold D. Cooley of the House Agriculture Committee declared that Benson "won't get to first base" with his proposal to lower...
...Teamsters Union would not affect the impartiality of his verdict, held out adamantly for acquittal. His reason: the U.S. Government had failed to make its circumstantial evidence stick. Though Jimmy was free to go (on $2,500 bond), he was by no means out of the courtroom woods. Ahead lie: 1) outcome of a suit by 13 rank-and-file Teamsters, who maintain that Jimmy was illegally chosen president of the union last Oct. 4, 2) disposition of a federal perjury indictment, 3) the certainty that the Government will take him to trial again on the conspiracy charge...
...capital. A year before, when they landed at the site, they found just one adobe hut. There now, nearly complete, stands a six-story hotel. 500 houses, and famed Architect Oscar Niemeyer's flowing, two-story Presidential Palace, resting on 20 arched concrete columns. Chugging ahead night and day on a cost-be-damned basis, hundreds of bulldozers move 65,300 cubic yds. of earth every 24 hours, hurrying to completion the airplane-shaped city designed by Architect Lucio Costa...
After racing ahead at close to 100% for much of 1957, production of all manufacturing industries dipped to 82% of total capacity. Between August and November, production measured on the Federal Reserve index dropped six points to 139. Steel skidded to less than 70% of capacity, though total production, estimated at 113 million tons for the year, almost matched boom year...
Upward Track. The flight path ahead is clear. Yet the U.S. economy, like the first early missiles themselves, may experience some failures and disappointments before it gets on the upward track again. For many companies, the initial months of 1958 may produce sharp production cuts, painful layoffs and lower profits. But if the fall is sharp, the bounce back may be even faster. For better or for worse, defense spending will quickly provide new thrust for the lagging business pace. Beyond, there is the many-sided U.S. economy, in which a fall in one industry is often balanced...