Word: deficits
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Dates: during 1950-1959
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...last year, has turned out to be an inept Senator. His proposed measures for licking the recession would have cost the country $23 billion by G.O.P. estimate and $8.7 billion by his own (he says his other waste-cutting, tax-loophole-plugging bills would more than make up the deficit). Reason No. 2: The G.O.P. managed at its state convention last May to paper over the long, debilitating feud between Taft and Eisenhower factions, settled on a compromise candidate named Roland J. Steinle. 62, a former state supreme court justice who had been out of politics for years...
...automakers, hardest hit by the recession, last week gave out the bad news for the third quarter. Ford reported a loss of $21.6 million, bringing the deficit for nine months to $16.2 million, v. $229.5 million profit in the same period last year. Chrysler's ink was even redder: its third-quarter loss of $20-million pushed the loss for nine months to a total of $45.2 million, v. a $103.6 million profit in 1957. Studebaker-Packard, which lost $12.4 million in the first nine months of 1957, lost $22.5 million through this September...
...fact that the third quarter often showed a sharp increase over the second quarter, when the recession bottomed out. Aluminum Co. of America earned $13.3 million in the third quarter, up from $8.0 million in the second; St. Joseph Lead earned $405,055, up from a $209,935 deficit; and Kennecott Copper $14.8 million, up from $11.3 million...
...floor coverings, succeeding F. J. Andre, 59, who moved up to chairman. A salesman in the floor-covering industry since his graduation from Indiana University ('36), Cook joined Congoleum-Nairn in 1955 as a vice president in charge of sales just when sales and profits were turning down (deficit for the first nine months of this year: $1,964,720 v. $107,222 for the same period in 1957). Said Cook: "My job is to build up sales and correct the profit picture...
Rather than press Smith's more than 30,000 alumnae for funds, Wright looks forward to resuming the work of scholarship. He points, however, to the success of his administration in wiping out Smith's deficit and tripling the endowment, and maintains that "I've done my share in money-raising...