Word: expectation
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Dates: during 1950-1959
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Despite the gloomy present, network executives profess to see only full screens and coffers for next fall. "If we were in a depression instead of a recession, our posture might be different," says NBC's Don Durgin, vice president in charge of sales. "We fully expect to be sold out when the fall season begins." Insists ABC Vice President Don Coyle: "By October, there's no doubt that we'll be all locked up." Then he makes a finger-crossing addition: "Of course, you're never locked up until you're locked...
...businessmen expect the crisis to trigger a vast, Korea-like boom with accompanying inflationary spiral. Lebanon is not Korea; the U.S. is not in a war, and the Government is making no hasty plans for big stockpiles, material allocations or other controls. At the moment, the effect of Mid-East upheaval is more likely to show itself in a subtle, psychological change in the business climate rather than in any dramatic turnabout...
...billion in the third quarter of 1957; all told, the recession has chopped $20 billion from the gross national product, about 4.5% v. 2.7% during the 1953-54 recession. It is not likely to cut any more. Though second quarter figures are still incomplete, top Washington economists expect them to show a $1 billion rise to around $427 billion...
Nasser was still in Yugoslavia, on holiday with wife and children, when the coup in Iraq took place. Did he expect it at that moment? Or, having supplied the fuel, had he left it to others to decide when the match was lit? After all, to establish innocence by geographical separation, he could also prove that he was away in Soviet Russia when the Lebanese revolt began...
...company pipelines sent 120,000 bbls. of oil daily to the West Coast and Texas Gulf refineries from some 750 wells in the area. With great finds in San Juan and Paradox Basin, oilmen counted 300 new gas wells put down in the first half of 1958. They expect another 300 before the year...