Word: climbed
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...cover the Government's deficit for this fiscal year. But they did not become acute until summer. Then Government bonds, which had been providing speculators with fat profits as they rose while interest rates fell (TIME. Aug. 18), went into a slump when interest rates began to climb again with the economic recovery. As bond prices slid, their yields rose. Secretary Anderson found himself in a vicious circle; to sell his securities he had to keep edging up the interest rate. Yet every time he floated a new issue at a higher rate, prices of older issues edged down...
Some hard-hit industries were naturally taking more time than others to climb back to pre-recession levels. Yet even in oils, still beset by political troubles abroad and price problems at home, the fourth-quarter pickup was strong enough to cause Chairman K. S. Adams of Phillips Petroleum to predict: "If present trends continue, both gross and net income in 1959 will be the highest in the company's history...
...while he was neither ready to help Fanfani nor to climb down one bit from his neutralist foreign policy, Nenni was ready at last to break his formal "unity of action" pact with the Reds. Over stormy protests from pro-Communist members of the party, the delegates voted by a 3-to-2 margin to end the "popular front" electoral alliance with the Communists. Cooperation with the Reds will continue in trade unions, local governments and cooperatives. At the moment, this amounted to not much of a break for Nenni, and none at all for Fanfani...
...them into the hills. For his 1957 interview with New York Timesman Herbert Matthews, Castro made a dangerous trip to the foothills, got invaluable publicity from the U.S.'s most prestigious paper. Other reporters, getting past army checkpoints as "engineer" or "sugar planter," had to make an arduous climb, but they were rewarded with long, friendly chats. To oblige CBS, the rebels took in 160 lbs. of television equipment. One big-paper correspondent on his way up was crestfallen to discover a reporter from Boy's Life on his way down...
...program to put a man in orbit and bring him back alive, called Project Mercury, is distinct from the tests scheduled for the stub-winged X-15 already built by North American Aviation. Inc. Essentially an extra-tough airplane, the X-15 will climb into nearby space under its own rocket power and glide quickly back to earth under full control. Project Mercury's space capsule will be designed to achieve an around-the-earth orbit, but it will land passively by parachute...