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...Caution. Among other things, the Fed's cautious statisticians discovered that they had been vastly understating the rise in production of U.S. consumer goods. In stead of gaining 3% a year, it has been going up 3.7% a year; the rise in twelve years was 58% instead of about 40% on the old index. Likewise, the Fed neglected to count in its industrial index the output of two rapidly expanding major indus tries, the electric and natural gas utilities. Finally, rapidly advancing technology and the changing character of U.S. daily life had made the importance assigned to many industries...

Author: /time Magazine | Title: STATE OF BUSINESS: New Look at Growth | 1/11/1960 | See Source »

...nation's memory. In a new biography, Pulitzer Prizewinner Margaret (Reveille in Washington) Leech thoughtfully recalls a President who was widely loved, sincerely devoted to his country and to the Christian virtues, but who remained even in historic moments (as Author Leech puts it) "the captive of caution and indirection." Her biography gives McKinley his due and his comeuppance too. If he remains as short of color as ever, he will at least be better understood...

Author: /time Magazine | Title: Books: A President Remembered | 11/16/1959 | See Source »

...this hypothesis seemed inadequate to explain Peking's increasingly reckless disregard for Indian opinion, Asian good will, or Khrushchev's caution. Red China seemed spoiling for a fight-almost as if determined to convict Nehru's India as pliable and easily frightened, or else compel it to abandon its prestigious posture as the great uncommitted neutralist power in Asia...

Author: /time Magazine | Title: INDIA: The Dragon's Breath | 11/9/1959 | See Source »

With U.S. consumer debt at a new high, a top Government economist last week issued a stern call for credit caution. Raymond J. Saulnier, chairman of the President's economic advisory council, told the nation's bankers not to go "overboard" in increasing consumer installment buying. Said Saulnier at the American Bankers Association's annual convention in Miami: "I hope we do not get involved this year or next in a great splurge of consumer expenditure propelled by credit expansion...

Author: /time Magazine | Title: Business: Credit Caution? | 11/9/1959 | See Source »

...billion for corporations, takes care of investing $6.5 billion in trust funds. Morgan Guaranty runs pension funds for such big corporations as Johns-Manville, Kennecott Copper, Philip Morris, the New York Times. It runs them well. Alexander's current appraisal of the stock market is one of caution; the bank is now putting only one-third of new money into stocks, compared with its normal...

Author: /time Magazine | Title: BANKING: The Big Banker | 11/2/1959 | See Source »

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