Word: expectations
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Dates: during 1950-1959
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...Angeles televiewers have learned to expect the unexpected from station KCOP-TV, which last year won national attention for its freewheeling program of comment by Pianist Oscar Levant (TIME, May 5, 1958). This week the station popped another big-name surprise on viewers. KCOP-TV's newest star: California's sometime Governor Goodwin J. Knight...
...heavy construction comes at an opportune time, just as builders are warning that tighter mortgage money may slow the pace of home starts, now a near record 1.300,000 a year. Overall construction is moving 12% ahead of last year, at an annual rate of $55 billion; builders expect it to rise to at least $57 billion in 1960. Says Chairman Melvin H. Baker of Buffalo's National Gypsum Co. (1958 sales: $163 million): "Seldom if ever has an industry looked forward to such bright prospects as does the construction industry. Despite all the talk of overcapacity...
...financing new cars. August car sales, which usually slow down in anticipation of new models, ran faster than July's, probably topped 500,000. For the fourth quarter, automakers are scheduling production of 1,900,000 new cars, up 41% from last year. By next spring, they expect to be selling at an annual rate of 7,200,000, within a bumper's reach of 1955's alltime record...
...American Steel Warehouse Association checked 20 warehouses last week, found no sweeping nationwide increase in demand. The building industry will start running out of steel in September; so will makers of appliances, farm machinery, ships. Steelmakers have told Cincinnati toolmakers that even if peace comes soon they cannot expect deliveries for three or four months-so long is the waiting list of top-priority defense contractors. Yet steel users stood solidly behind the industry. Said District Manager L. M. Spicer of Los Angeles' Ceco Steel Products Corp.: "This country is going to be out of the steel business...
...domination will soon be over. South Africa's Prime Minister Hendrik Verwoerd himself-the ruthlessly logical racist who looks so much like a kindly Kris Kringle -has lately added a "positive" side to apartheid. "In the year 2000," he once explained in his high professorial voice, "we should expect the Bantu population to number 19 million. How will they be handled? These people must work, they must live somewhere. There is only one way out-we are faced with the choice of either giving the white man his own area and the Bantu his, or having one state...