Word: backed
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Dates: during 1950-1959
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...avoid the illusion that the economy is growing faster than it really is when prices are rising, the C.E.D. plotted the gross national product back to 1909 in terms of a "constant dollar" based on the value of the dollar in 1954, when it was considered comparatively stable. Only in this way, said C.E.D., is it possible to "answer such questions as whether our general growth rate has recently been higher, or lower, or about the same as in the past." The C.E.D.'s basic findings...
Prices. Charting the course of inflation, the C.E.D. took goods and services price indexes and converted them into 1954 prices all the way back to 1909. When plotted out, the trend line showed prices overall have gone up by 2.5% a year. Despite all the worry over price increases in the 1950s, the increase in this decade just about matched the rise from 1910 up to the outbreak of World...
...films, and already half a dozen of them have achieved both critical acclaim and the franc approval of the public. Among the leaders François Truffaut, 27 (The Four Hundred Blows), Alain Resnais, 37 (Hiroshima, My Love), Claude Chabrol, 27 (Le Beau Serge, The Cousins), Edouard Molinaro, 31 (Back to the Wall...
...kind of saint to some and a stunt to others. She belongs not to the ages, but an age-the '20s. Fresh from his last safari (Dylan Thomas in America), Poet-Critic John Malcolm Brinnin goes in search of this Abominable Snowoman of modern letters. What he brings back is not startling, but it is a biographically complete if critically indulgent account of the concentric odyssey of Gertrude Stein, of whom it might be said: in her beginning was her end, because she was all middle...
...Answer? As young U.S. expatriates (including Ernest Hemingway) fled the middle class and the Middle West, they took refuge in "the mature Gertrudian bosom," as Van Wyck Brooks put it, "much like that of their far away prairie mothers, but of a most gratifying sophistication. Miss Stein gave them back their nursery rhymes and they had fine babbling times together." As for for own writing, apart from a trio of impressive short stories, Three Lives, The Autobiography of Alice B. Toklas, and the moving play-opera Four Saints in Three Acts, Gertrude Stein was not so much the hoaxer...