Word: equality
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Dates: during 1950-1959
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...February 1951 and January 1955, while high, rigid supports were in effect. As the worldwide demand for food fell off, the supports only encouraged production for the Government's bins. As of last week, the Commodity Credit Corp. had more than $9 billion of U.S. taxpayers' money (equal to the total U.S. budget of 1940) invested in surplus crops and crop loans, the bulk of it in wheat, corn and cotton...
...With equal frankness but no laughter, the President reviewed and approved the Federal Reserve Board's action raising discount rates to member banks ¼% in ten districts and ½% in two, despite opposition from his own economic advisers. "The Federal Reserve Board is set up as a separate agency of Government," he insisted. "It is not under the authority of the President, and I really personally believe it would be a mistake to make it definitely and directly responsible to the political head of the state." Four years ago, well aware that Harry Truman had let the Treasury...
...much so that it provoked Washington Post's left-wing Democratic Cartoonist Herblock into one of the season's sharpest needlings of G.O.P. generalities (see cut). Among Ike's points: ¶ "The ultimate values of mankind are spiritual. These values include liberty, human dignity, opportunity, and equal rights and justice." ¶ "More jobs and better jobs, a flourishing agriculture, happier living for every family, peace and plenty for all people−these call for a strong, growing, private-enterprise economy." ¶ "To stay free we must stay strong. Though we must recognize that peace cannot be gained...
Other first-quarter reports: ¶ In the slowed-down auto industry, Chrysler's first-quarter profits were down an estimated 50% to some $17 million. Yet giant General Motors, with sales of $3 billion, almost equal to 1955's record, lost only 9% with net earnings of $283 million for the first quarter. Ford's net dropped 28% below last year to $73,700,000, but it was still the second-best first quarter in the company's history. ¶ In chemicals, Union Carbide & Carbon Corp. touched new high ground with first-quarter sales...
...Power Elite is written in a kind of sociological mumbo jumbo that should discourage all but other sociologists. It is dull, repetitious, and gives equal weight to both sound and spurious evidence. Its underlying tone is one of resentment, and because it offers no suggestion as to how the bogeymen in Mills's belfry may be exorcised, it is intellectually irresponsible. Still it ought to be read, if only for its half truths. It will surely be read with great glee by anti-Americans everywhere. But the average U.S. reader is apt to emerge from this nightmare-shored...