Word: expectability
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Dates: during 1950-1959
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...Crown Prince Akihito, 24 this week, reported to his three humble tutors on his studies of fish psychology. First, he had trained some salmon, bass and carp to associate their feeding time with the lighting of a red lamp. Having established a conditioned reflex which led the fish to expect food whenever the light was switched on. Akihito then impaired their vision by tinkering with their ophthalmic nerves. His scientific conclusion from the experiment (no surprise): the delicate operation caused the fish to "lose their previous ability to connect the lamp's red glow with food...
Though no one wants unemployment, coldly statistical economists can find some virtue in it. expect the U.S. to benefit through increased productivity. In 1957 productivity rose barely 1%, lagging behind wages. In 1958 it should rise sharply, not only because the new plants built by industry are more efficient but because increased competition for jobs should make everyone work a little better. Moreover, as jobs grow scarcer, wages will flatten out. While the Autoworkers' Walter Reuther still talks of demanding a four-day workweek and other plums, wage demands will be tougher to win from management, whose bargaining position...
...Pentagon on U.S. defense policy. "Say, tell me about Dick Russell," said Ike to an aide. "I thought he was a friend of mine. What's the matter with him? Why is he sore at us?" Answered the astonished aide: "Why, Mr. President, you can't expect him to be very happy over the Little Rock situation and use of Federal troops." "Golly," said Ike of the man who last summer directed the Southern attack on civil rights legislation, "I didn't think he'd take that personally...
...richest man in America came to me as a surprise. My bankers kept telling me for the last ten years that it was so, but I was hoping I wouldn't be found out. [Now] it looks like I'll have to change my name if I expect to get any peace." In Britain, for example, Getty has been forced to increase his tips (from 14? to 35?, and so on): "As the richest man in the U.S. [if] you give a man a shilling [14?], he'll talk about it for the rest of his life...
...Manufacturers had one big question on their minds: How prosperous will we be in 1958? They soon got reassuring news from their own ranks. After taking a poll answered by 4,330 manufacturer members, who make up a wide spectrum of U.S. business, the N.A.M. announced that 45% expect no significant change in business next year, and more than a third look for sales to go up; only one in five predicted a decline in sales. A third expect their profits to be down in 1958, but one in five expects them to go up. Fully 55% foresee no change...