Word: backed
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Dates: during 1950-1959
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...suave Marquis de Valhubert (Rossano Brazzi), who is flying off for a London leave during World War II. "Look up old Grace." Old Grace is his young fiancee. The marquis looks Grace up-and down. "We will marry immediately," he announces. They marry. Four days later the marquis heads back to the wars, and poor Grace (Deborah Kerr) has nothing to do but stitch rugs and eat for two (Sigi is born at the height of the blitz). Nine years later she is still stitching rugs and, as her father (Ronald Squire) puts it, "getting a bit weedy." The Marquis...
...production, recovering all of its recession drop, is at a new high. The recovery has not only been faster than many an economist dared forecast a few months back, but has actually been faster than official figures showed. The Federal Reserve Board announced that overall industrial production in March rose to 147% of the 1947-49 average, a point more than the previous record of 146% in February 1957. The FRB also revised upward its February industrial output figure from 144%, as previously announced, to 145%. Most encouraging was the fact that the extra boost in production has come from...
...climbed to a new 1959 high of 168.92, up 5.81 for the week, and highest since 1956. What encouraged Wall Street about the advance was that the market leadership came from such old-line blue chips as American Telephone & Telegraph and International Business Machines, which topped 600 before sliding back at week's end. Behind the market advance was a growing realization by investors that 1959 will be a far better year than most had expected. The boom is already being reflected in earnings (see below...
Sharp Movements. The steelmen's negotiating committee also argued that productivity per man-hour in the steel industry went down 7½% from 1956 through last year, while labor costs went up 19%. Next day the Labor Department issued the latest productivity figures, and they seemed to back management's claim. Productivity in steel had indeed declined in 1957 and 1958, said the report. But both management and labor were quick to agree that the new figures would have no bearing on negotiations. Reason: they could be misleading...
Productivity in steel, explained Commissioner of Labor Statistics Ewan Clague, traditionally varies more widely with the business cycle than in other industries. Steel productivity dips sharply with a business slump, because production drops faster than layoffs. Productivity comes back quickly when business recovers, because production rises faster than new employment. As steel production has rebounded from last year's recession low, said Clague, productivity has climbed steeply...