Word: downwards
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...long that you can't believe it when it comes. I honestly do not feel that the facts of the moment justify a gloomy outlook. I think they justify an optimistic outlook.'' Said Presidential Economic Adviser Gabriel Hauge: "The end of the great pressure of the downward movement will come to an end during the second quarter. It will mill around during the summer and lift in the autumn." The Administration's decision to hold the line on taxes already had the tentative approval of House Speaker Sam Rayburn and House Ways & Means Committee Chairman Wilbur...
...this very rapidly." His reasons: 1) the artificial backlog of pent-up postwar demand has been satisfied; 2) the population boom is over for at least five years because of the low Depression-years' birth rate; 3) expenditures for new plants and equipment are likely to continue downward because of the nation's already large productive capacity; 4) consumer attitudes toward installment buying have changed ("It is popular now to avoid debt...
...same way, wages are growing more and more rigid. They are on a ratchet, clicking steadily higher, but locked against any slippage downward. Despite the recession, there are so many escalator clauses, unemployment benefits, and automatic increases that wages this year are still going up (see State of Business). The belief that rising productivity will make up for wage increases, thus holding prices stable, has also proved false-at least in the short run. In 1957 wages jumped 4.5%, yet output per man-hour rose only 1.8%-and prices jumped 3%. The Government, with its farm subsidy and other...
...Medical Lab, is sure that he has a good chance to get back intact. Stapp plans to test the Air Force and Navy on finding and recovering a capsule dropped in the ocean, as it might drop a returning spaceman. Then he will try again, with a capsule fired downward at 3,000 to 4,000 m.p.h. from a high-flying missile. Next he will try to recover an orbiting satellite, to prove that the drag and heat problems on re-entry have been solved. He will send up and recover bigger and bigger animals, with chimpanzees...
Their demise capped a long decline for TV's live weekly dramas, a once flourishing genre. Philco-Goodyear TV Playhouse and Robert Montgomery Presents have long since preceded them into the long, unsponsored night. Like the others, Kraft and Studio One have both been in a long slide downward; both have been subjected to recent, last-gasp transfusions; neither revived. Studio One will be replaced by Desilu Playhouse, a series of 48 hour-long films produced in Hollywood by Desi Arnaz. Westinghouse paid $11 million for the package, claimed to be the largest single deal in TV history. Kraft...