Word: bullishness
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After looking over the prospects for the second half of 1948, the Federal Reserve Board last week felt bullish enough to risk a prediction. This year's profits, said its June Bulletin, would be even larger than 1947's record $17 billion; dividends, too, would be higher...
...most bullish influence was the growing certainty that production and profits would not be hamstrung by a rash of strikes. Following the lead of General Motors (TIME, June 7), industry was busily granting a third round of wage increases. General Electric, which had cut prices and tried to hold the line, gave up-and handed out a 9 to 15? an hour raise. Firestone Tire & Rubber settled for 11?, United Aircraft for 10 to 20?. The Aluminum Co. of America offered 9 to 13?. Chrysler had followed G.M.'s lead, and now Kaiser-Frazer came across with 14.4?; Briggs...
There were some signs that the Communists had lost ground. One day last week at Lecce, when Red Boss Palmiro Togliatti denounced the Marshall Plan, he was booed into silence. In a sudden bullish mood, the Rome stockmarket rose higher than it had been in three months. At Gorizia, a crowd of 1,000 Italians broke up a Communist meeting, then stormed toward the nearby Yugoslav border shouting: "Long Live America, Death to Tito!" Frontier guards had to squash the impromptu invasion. Customs officials discovered a cargo of 8,000 guns, 4,000 cases of ammunition and one Communist agitator...
Neither war, rationing, nor the advent of the atomic age had altered U.S. teenagers' preoccupation with malted milk, two-hour telephone calls and jukebox music. All had kept right on jiggling. But with draft boards apparently locked up for good, and the bubble-gum market bullish, teen-agers were now devoting more time to the complicated business of acting their age. Certain postwar changes in tribal custom, language, taboos, wooing, peculiarities of dress and methods of transport were evident...
National Chairman Bob Hannegan, in & out of the White House all week long, turned up once with a whole swarm of 21 freshman Democratic candidates. Former Ambassador to Russia Joe Davies dropped by, announced that he was bullish on Democratic prospects...