Word: drags
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...really knew just why the U.S. consumer has suddenly relaxed the stern budget watching that has been so severe a drag on the nation's economic recovery (TIME, July 21 et seq.). Scorning such psychological explanations as Christmas spirit or a diminishing fear of war, the economists could only note that more jobs, longer work weeks, and increased dividends for the nation's 15 million stockholders had lifted personal income by $4 billion in October to a record annual rate of $425 billion. Furthermore, though the cost of living has risen less than 1%, the average weekly take...
...luxurious penthouse overlooking Ahumada Street, a main drag of Santiago, Chile, two agents last week received by Morse code from Peking more than 4,000 words in flawless Spanish, relayed the slanted news free to Santiago newspapers. They also mailed without charge a weekly report to hundreds of Chileans. The daily local propaganda campaign, estimated to cost $10,000 a year, is only a fraction of a massive five-year-old drive by Peking to win friends and influence governments throughout Latin America. "If the Red Chinese get fully under way," warns a U.S. expert, "we think that their efforts...
Brant can still whack out a crackling paragraph in the style of his old newspaper days. But in his sixth volume, as in the previous five, he smothers this talent by his pack-rat compulsion to drag in everything pertaining to Madison and his times, no matter how deadening it may be. Even so, the main weakness of his final book is Madison himself, who was far too small a man for the heroic role that Brant would have him play. At times, in fact, even Author Irving Brant seems to forget about little Jemmy, as page after page goes...
...tummy." To protect her own tummy, Jill wears a g-in.-wide "body belt," but she still takes a beating elsewhere. Last year in Scotland, she fractured a kneecap. In Wales, Jill suffered through a series of bizarre misfortunes. Stuck in a deep bog, she had to drag her 3OO-lb. cycle out of the mud. When her bike hit a bad bump, Jill plunged over the handlebars, landed headfirst in a rabbit hole. "I was stuck so fast," she says, "that I had to undo my helmet to get my head out.'' Battered, mud-spattered, running...
...explain away their puzzlement, economists drag out a raft of possible reasons for the wayward consumer, including unseasonable September heat and storms, less aggressive selling by auto dealers fearful that Detroit strikes might leave them with no cars to deliver, and a 2% drop in August housing starts that meant less demand for heavy appliances. But a more basic explanation comes from University of Michigan Economist George Katona, whose Survey Research Center believes that the consumer has lost much of his confidence in the resiliency of U.S. business. "Not surprising," says Katona, "after two recessions [1958 and 1960-61] occurring...