Word: boosts
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Dates: during 1950-1959
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...many reasons to duck all-out candidacy and none to proclaim it at this time. In his short time in office, he has pushed the newly Democratic legislature into remarkable action e.g., approval of the $1.8 billion water-resources development program (TIME, June 29), a $61 million income tax boost appropriated to close the budget gap. He has helped abolish California's party-damaging system of primary-ballot cross-filing, has brought stability to the long-fragmented Democratic Party. But his job has just begun: the statewide water-development plan, for example, must still be approved by the electorate...
First down the ramp was Massachusetts' Jack Kennedy, who agreed that the compromise 1959 Labor-Management Act (TIME, Sept. 14) "contains many unfair and unsound and one-sided provisions," promised more favorable legislation, including a boost of minimum wages from $1 to $1.25 per hour in the next session. As for his own record, he had no regrets: "Jimmy Hoffa may not approve of me, but I do not apologize for having earned his hostility." The delegates gave Kennedy a rousing, standing ovation...
...scientific times; their enrollments have stagnated. This week the Ford Foundation, which overlooked the field up to now, marched in with a massive $19.05 million gift to four institutes of technology (Caltech, Carnegie, Case, M.I.T.) and six universities (U.C.L.A., Michigan, Illinois, Purdue, Stanford, Wisconsin). The goal: a sharp boost for pace setters, and so for all U.S. engineering schools...
...nation's harried railroads, who hoped for a boost in booming 1959, the strike dealt a smashing blow. In 13 weeks the roads lost an estimated $459 million in gross revenues. Railroad employment on Sept. 30 fell to 797,195, the lowest since 1900. Third-quarter rail earnings, when they come out in the next several weeks, will not make pleasant reading...
Economists were cheered by the signs of the U.S. businessman's confidence in the future. The latest survey by the Commerce Department and the Securities & Exchange Commission, taken after the strike, showed a significant boost in industry's plans for new plant and equipment expenditures. With more money going for industrial plants and public works, capital investment should rise to an annual rate of $35.3 billion in the final quarter of 1959. $1 billion more than the third-quarter rate and $5 billion more than a year...