Word: cools
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Dates: during 1950-1959
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This pronouncement by then-President Harry Truman was tossed off in a tradition-breaching exclusive interview that he gave New York Timesman Arthur Krock during the 1949-50 recession, and it had some cool-eyed economic truth in it. But last week, with the economy in a Republican recession (mid-March unemployment: 5,198,000), politically touchy Harry Truman publicly disowned his rare bit of economic wisdom...
When he puts his mind to it, President Eisenhower can make a rousing partisan speech with the best of them. But in his day-to-day dealings, Ike is so coolly detached from GOPartisanship that the party bosses shiver. Last week their teeth chattered at this piece of cool detachment during the presidential news conference...
...Jorgenson and Sylvia Hunter's idea of turning the clock back is to get divorced and marry each other. A couple of years pass, and as Molly and Johnny cool toward their parents, they warm to each other. In keeping with the outdoorsy spirit of the novel's amours, Molly finally succumbs to Johnny on a sand dune. The wedding bells have a somber ring, what with Molly pregnant at 17, but middle-aging Ken and Sylvia Jorgenson rally round, and Summer Place ends on a sunnily implausible note of general contentment...
...Salisbury says, "for most New Yorkers, the problem of delinquency does not seem to be immediate or personal."* One who knows the problem from all sides is a 23-year-old (now married) former gang member named Stoney. Says he: "We older fellows -we've got to go cool. But those little ones coming up. They're the real problem. Something's got to be done about them, or I don't know where we'll be at." Stoney, a leading bopper in his day, was not fooling. Only recently, he was attacked by three...
...recently got an interim 6.6% fare increase, it will only boost the 1958 profit margin to 2.6%, far less than is needed to pay for jets. Domestic carriers still need $600 million, but simply cannot make the healthy profit needed to attract bank financing. Wall Street is just as cool to equity financing: common stocks of the twelve lines are selling at 64% of book value...