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...demand for goods and services, afford the best hope for stopping the current economic recession, and help to start an economic upturn. Public works are too slow. And even if taken off the shelf quickly, and even if built in the right localities, public works generally do not directly employ those who have lost industrial jobs...
...seven-member planning commission drew up tight zoning laws and a town meeting speedily approved them. Proper planning has already produced a bonus. Impressed by Wilmington's farsightedness, Avco Manufacturing Co. (electronics, aircraft engines, missile nose cones) is building there a $15 million laboratory that will employ 3,000 and provide an additional $180,000 in taxes. From its very beginning, the history of the U.S. is a record of change and of movement; the mark of the American people has become their remarkable ability to adjust to the demands of change and to roll with the movement. Nowhere...
Beef & Macy's. Everyone expects the U.S. consumer to start buying more of everything soon. Purchasing power has been held up by unemployment compensation and other benefits. Furthermore, despite the jobless rise, overall U.S. employment remains high. Some 50% of the unemployment rise is in manufacturing industries (autos, aircraft), which employ only 23% of the total labor force. The service industries, which employ 35%, show no recession, have held remarkably steady, with little or no change over the last three months...
...Last year 14 states did not require even a single course in science or mathematics for a high school diploma. While 27 states maintain special supervisors for physical education, and all 48 have supervisors for home economics, agriculture and "distributive trades," only two states employ a mathematics supervisor, and only six have supervisors for science...
...monthly industrial-production index is widely regarded as a measure of total economic activity. Actually it measures current activity only in mining and manufacturing, which have been declining and ignores both construction and public-utilities output, which have been rising steadily, as well as the service industries, which employ the majority of workers and change very little during boom or recession. Thus the production index has dropped 7-4% in the past year, even though there has been nothing like a 7% drop in all economic activity. Says a Government economist, "People take a 1point drop in the industrial index...