Word: fallen
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Dates: during 1950-1959
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Treasury Secretary George Humphrey, regarded by many as the ablest businessman in Eisenhower's "business administration," has also fallen heir to the toughest problems. Last week he wrestled with the toughest one yet: how to keep the world's biggest business from going technically "broke." Congress' refusal to raise the $275 billion limit on the U.S. debt (TIME, Aug. 10) made it entirely possible that Humphrey would not have adequate means to pay the Government's bills...
...consumption has been falling -due at least in part to the nation's preoccupation with the bulging waistline (see BUSINESS). In 1910, U.S. citizens used an average of 211 Ibs. of wheat flour apiece. In 1952, they used only 130 Ibs. So far this year, shipments abroad have fallen more than 100 million bushels below the same period of last year. Chief reasons: 1) shortages created by World War II have largely abated; 2) wheat-hungry nations do not have enough dollars to buy American wheat; and 3) the Government-supported price of U.S. wheat is about...
...editorial note, the Times sternly rejected "the implication that this reporting was in any way connected with its editorial position." But it did agree that it had an obligation to give a balanced account of his speech. It had fallen short, said the Times lamely, because of "incomplete reporting and editing...
Times strikers argued that they had an increase coming because 1) the scale for newsmen in high-cost-of-living Seattle had fallen as much as $14 a week behind such smaller West Coast cities as Sacramento and Stockton, Calif., and 2) the prosperous Times was at new circulation and advertising peaks. The Guild had asked across-the-board increases of 7.8%; the Times was offering increases amounting to 3.5% for most staffers. In dollar terms, management and union were only $2 to $4.50 a week apart, but at week's end, both sides seemed determined to wait...
...favorite Warner & Co. trick, said the indictment, was to advise customers to buy stocks that were about to declare a dividend, then trade them out when the stock went ex-dividend, without explaining that the price had fallen by the amount of the dividend. Thus the customers broke even in the market but actually lost money because of Warner's commissions...