Word: expectability
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Dates: during 1950-1959
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...broke; the strongman is said to have squirreled away $250 million. Neither has Communist or Fascist ties, nor has either plotted against the succeeding government (the ground for denying Perón a U.S. visa). Neither is technically guilty of moral turpitude, i.e., convicted of a crime. Both reportedly expect to settle in or near Washington...
...Georgians expect Bill Hartsfield to have better success than earlier pleaders. But Georgians do believe that the county-unit system will eventually be defeated. The state's population is flowing from farm to city; growing cities-Macon, Augusta, Savannah, etc.-are beginning to suffer what Atlanta has suffered for 60 years at the hands of county legislators. When the cities agitate together, the wool-hats' reign may be doomed at last...
Today Wall Street is looking to a brighter future. Experts expect that trading will be slow for the rest of the year, that stocks will seesaw in a narrow range. The big test of whether the market has seen its low will come in the next six weeks, when companies release their first-quarter earnings. Railroads, copper and other metals, already hard hit in 1957, are not likely to improve. Nevertheless, Wall Street feels that the basis is being laid for a rise in late 1958 and 1959. One clue is the widening spread between stock dividends and bond yields...
...that is making it increasingly difficult to report the news with any depth in the Deep South. As segregationist Atlanta Journal Editor Ray, who gave the series a big play, said last week with unconscious irony: "I don't think Kuettner presents the viewpoint of the South. I expect he has become so objective that he may have lost his viewpoint...
...exports were down from December, although much of the drop was seasonal. Unemployment is up slightly (to 1,432,000). The building industry, crimped by tight money, accounted for 70% of the jobless rise. Prices are easing in the textile, clothing and construction industries, but most German economists expect prices and wages to remain steady. ¶France, traditionally slow to react to economic fluctuations in the rest of the world, is still fighting inflation. While production is increasing at a rate of 9% annually, prices are still rising. Biggest concern: the government's battle to keep the budget deficit...