Word: boosted
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...Bottom? When will the economy turn up again? At first the crystal-ball-gazers looked for an upturn starting at midyear. Now they have put the turn farther off, barring a tax cut that might give the U.S. a fast boost. Most economists agree with harvard Economist Sumner Slichter, who says: "It will be six months before the economy shows much pep." They think the recession will reach bottom soon, may be there even now. Then, say economists, it will rock along on a relatively even keel for six months or more before turning gradually upward...
...prices, not only because they say it would not improve business, but also because they face an automatic 7% wage increase next July 1; Detroit refuses to lower auto prices largely because it must renegotiate auto contracts this summer, expects that it will have to grant the U.A.W. a boost...
...temporary or permanent. Illinois' Democratic Senator Paul Douglas favors a temporary cut for six months or a year, with the termination date written into law. The argument for a temporary cut is that, though reinstatement of any cut might be necessary to fight inflation, no politicos would boost taxes with a presidential election coming up unless it were agreed on in advance. On the other hand, many economists and businessmen favor a tax reduction without any cutoff date, believe that a cut advertised as temporary beforehand might defeat its own purpose. Taxpayers might be reluctant to spend...
ATOMIC POWER may be speeded soon by AEC after hot congressional pressure to build more plants (TIME, Feb. 10). AEC would boost spending on civilian program from $124.3 million annually to about $200 million in next five years. Items: better research to cut high cost of uranium fuel, more Government money to build three new advanced reactors, higher price paid by AEC for byproduced plutonium to give industry healthier profit...
SOIL-BANK HANDOUTS will be boosted from $500 million to $750 million this year because so many farmers rushed to cash in on acreage reserve program, scheduled to expire in 1959. Boost will cut market for farm labor and supplies, pinch many rural merchants. Example: in Georgia each dollar paid by soil bank will take an estimated $3 to $5 out of circulation in farm towns...