Word: effected
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Dates: during 1950-1959
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...Detroit as chronicled in a second cover on the industry's Big Three. With a clink of tools and a clash of cymbals this week, the production lines start up for 1959's new models-cars whose appeal, or the lack of it, will have a telling effect on the course of the U.S. economy. For what the new autos will look like, make by make, how big the market is and how Detroit plans to tap it, see BUSINESS, The New Cars...
...trade with Communist countries, for example, has more than doubled in the past seven years, it is still only 2.6% of total U.K. exports. In a more realistic vein, the London Times warned: "When the Communists talk about increasing trade, they are as often concerned with the political effect of their words as with any goods they may want to buy." Added a Ruhr industrialist: "The demand for Russian caviar is not unlimited in Germany, and it is not always easy to obtain other goods for which we might have better...
Ford will have new bumpers and fenders, more pronounced fins, round instead of oval tail lights. The grille is new to avoid last year's cheese-grater effect. The new Ford look: "quiet refinement...
...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 of this wore off and hopes for more substantial assistance faded, the shock of disappointment sent bonds down some more. Last week, in raising margin requirements on stocks, the Fed signaled possible new moves to tighten credit-and bond prices fell again...
What would have happened if many of the antirecession measures had been adopted? For one thing, this year's budget deficit would probably be $18 billion instead of the $12 billion expected. Even worse, such measures as massive public-works programs would have their full effect later this year or next year, when the recession presumably will be about over, thus adding explosive pressure to inflation. The most significant lesson to be learned from the recovery is that the U.S. economy has remarkable resilience, and has proved that it can right itself without massive Government spending or tax cuts...