Word: droppings
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...subcommittee also found "promising possibilities" for averting such catastrophe. The hydrogen death rate, said the subcommittee, would drop dramatically in proportion to the strength of a civil defense system of blast and fallout shelters (see chart), now virtually nonexistent. With reasonable time to evacuate, a complete shelter system might cut the death cost to 3%. Other practical steps, e.g., sheltering mothballed machine tools and moving key industrial plants underground, might help U.S. industry return to normal within a decade...
Despite the business improvement, unemployment was still high. The Government last week reported that, while employment rose to 65,179,000 in July, the drop in unemployment was smaller than usual. Because large numbers of new workers are entering the working force (55,000 in July alone) and heavy rains curtailed farm and construction activities in many parts of the country, the jobless total of 5,294,000 was up from June to 7.3% of the working force, v. 7.5% in the April recession peak. Most economists fear that the total will remain high for months. Just as production drops...
...drop in U.S. bonds stemmed largely from speculation. Because there is no margin requirement on Government bonds, speculators have been able to buy them for as little as 2% in cash. Last winter and spring, as credit eased, speculators correctly guessed that Government bonds would rise. Buyers poured into the Government bond markets and made a killing, as competition among bond buyers pushed prices of new issues far above par. For example, the 3½% bond that came out in February was bid up to 107.10, a price that gave speculators a profit of 250% on their actual cash investment...
...attempt to halt the drop, the Federal Reserve Board fumbled the job, adding to the trouble. The Fed, which regularly buys 91-day Treasury bills as part of its normal operations, cryptically announced that it was "broadening" its open-market operations. This led many to believe that the Fed intended to buy enough long-term bonds to cushion the market; it gave courage to the market, attracted buyers back into bonds. But the Fed's purchases were limited to buying $1 billion of one-year certificates to aid the Treasury's July refinancing operation. As the effect...
Anderson's best hope is that the bond market will bottom out, and that rising yields will tempt investors back into bonds. But the big question is whether tempting yields are big enough to overcome investors' fears of more inflation-and an inevitable drop in present bond prices...