Word: bullishly
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Administration to believe that the outlook for business is undeniably bullish. ∙INDUSTRIAL PRODUCTION. Like most of the indicators, once lackluster industrial production is joining the general upswing. Having slumped from its December peak of 159 (based on the 1957-59 standard of 100), the index for output in July recovered and climbed back to 156.3. Lending a helping nudge were major strike settlements in the television and rubber industries. In July there were also rises of 3.6% in mining output, 3% in electrical machinery production and 2% in auto manufacturing...
...night, the owner is found murdered, and his widow (Lee Grant) puts it on the line to the local police chief: no culprit, no factory. But the lawman (Rod Steiger) is no match for the cranky air conditioner in his office, much less a big-league homicide. A bullish, slow-moving redneck, he sees his job as routine peace keeping and keepin' the Nigras in their place...
...office news was bullish at home too, as Valenti issued an annual report-his first and the association's first since 1956. Items...
...corporate and personal income taxes. Speaking to the Toledo Rotary Club, the FRB chairman bluntly urged higher taxes without delay. Moreover, he said he would back an increase even larger than 6%, "if warranted," after Congress makes this year's appropriations. Unlike Ackley, who based his argument on bullish expectations of a strongly rising market for durable goods, a burst of spending for factories, and an early end to the economic drag of falling business inventories, Martin accentuated the negative...
Third Best Year. Wall Street's bullish mood was encouraged by figures from Detroit and Washington. Auto sales, after a 21% decline during the first three months of 1967, jumped sharply in April to a level only 3.4% below their year-earlier pace. "The spring upturn we've been waiting for is with us," says Chrysler Chairman Lynn Townsend, who now predicts that a minimum of 8,200,000 new-car sales will turn 1967 into the third best year in the industry's history. He adds: "People seem to have decided there isn't going...