Word: credited
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Dates: during 1950-1959
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...strong foundation: the health of the U.S. economy and way of life as evidenced in 1958 by recovery from recession at home (confounding a basic Marxist proposition) and by the popularity overseas of U.S. staples that ranged from glass-walled skyscrapers and management consultants and supermarkets and consumer-credit washing machines and hula hoops and Benny Goodman at the Brussels Fair to the individual dedication of thousands of Americans serving on the cold-war front lines...
...program are all the stubborn duplications, fears and rivalries of different services whose planners and dreamers demand a separate piece of the wild-blue-yonder projects. The Air Force, for example, got miffed at ARPA when ARPA's Johnny-come-lately Boss Roy Johnson took much of the credit for the successful launching of the orbiting Atlas (TIME, Dec. 29), which, after all, was an Air Force ICBM...
...credit of the Eisenhower Administration was the fact that by firmness at Quemoy and the prompt dispatch of marines and soldiers to Lebanon, it had prevented dramatic deterioration of the international position of the U.S. And it was a U.S. victory of sorts that Gamal Abdel Nasser, who began 1958 by triumphantly merging Egypt and Syria into the United Arab Republic, found himself at year's end at last aware that his Communist ally was a concealed enemy...
Recalling those bitter days of uphill struggle, De Gaulle himself has written: "I was starting from scratch. In France, no following and no reputation. Abroad, neither credit nor standing. But this very destitution showed me my line of conduct. It was by adopting without compromise the cause of the national recovery that I could acquire authority. At this moment, the worst in her history, it was for me to assume the burden of France." This attitude "was to dictate my bearing and to impose upon my personality an attitude I could never again change...
...wholesale flood of credit. In the new economy so many other financial institutions -insurance companies, finance companies, savings and loan associations-have grown up that the nation's credit pool is increasingly independent of the FRB. Nor was Chairman William McChesney Martin Jr. in any tearing hurry to force feed the economy. Said Martin: "During a boom, waste and inefficiency creep in naturally. It's hard not to believe that recession does a lot of business a lot of good...