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...soil bank program (which was not extended by the last Congress), as much as $179 million on rural electrification, and a big chunk of the $250 million being spent for agricultural conservation. Moreover, the Agriculture department's surplus estimates are based not on the balmy-weather bumper crops of 1958 but on the ornery-weather average of other years...

Author: /time Magazine | Title: THE PRESIDENCY: Black-Ink Budget | 12/29/1958 | See Source »

...night the sky over ten thousand villages glows red and gold with the glare cast by countless primitive blast furnaces of mud brick. In the fields lanterns as numerous as fireflies cast a softer light over "shock troops" fighting "night battles" to bring in bumper crops of rice, sweet potatoes and cotton. By 6:30 in the morning the clean-swept streets of the teeming cities resound to the chanting of millions of voices as clerks, factory hands and bureaucrats, all clad in blue boiler suits, perform the mass calisthenics that herald the beginning of another ten-to twelve-hour...

Author: /time Magazine | Title: RED CHINA: The Year of the Leap | 12/1/1958 | See Source »

Farm Policy: Despite a year of bumper crops and rising prices, farmers west of the Mississippi do not generally credit Agriculture Secretary Ezra Taft Benson with their prosperity-in fact, quite the contrary. The farm vote, traditionally Republican, remains a real Democratic hope (TIME, Oct. 20). The best Republican hope is that Midwestern farmers will vote according to the jingle in their pockets on election...

Author: /time Magazine | Title: THE CAMPAIGN: A Matter of Inches? | 11/3/1958 | See Source »

...Iowa there are seven Republican congressional incumbents, one Democratic. Iowa had a bumper corn crop this year, but farmers complain bitterly about being caught in a price-cost squeeze, and Democratic candidates work hard at blaming it on Benson. Republicans, in turn, have made labor corruption a major issue; e.g., in 1956 Democratic Governor Her'schel Loveless got $17,5°° in Teamsters' campaign contributions in violation of state law. Republicans have high hopes that Robert Waggoner, former administrative assistant to Iowa's popular G.O.P...

Author: /time Magazine | Title: MIDWEST: Congressional Fights Tax the G.O.P. | 10/20/1958 | See Source »

...shares changing hands rose by 30% during the week and the closing average price of 225 stocks hit $1.71, highest since the market reopened in 1949. Reasons: Premier Kishi's recent election victory, a cut in the central bank rate to 7.67%, and Japan's third consecutive bumper rice crop. ¶ On London's Threadneeue Street, where stocks have bounced back 30% since the low point last February, industrial prices rose to a new 1958 high every day in the week. The London Financial Times's index stood at 205.4, only 7.9 points below the alltime...

Author: /time Magazine | Title: BUSINESS ABROAD: Optimism Unlimited | 10/20/1958 | See Source »

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