Word: farming
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Dates: during 1950-1959
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...cleared the House and the key Senate committee with surprisingly light nicks. And opposition to the reciprocal trade bill, scheduled for debate in the House this week, eased up. If Congressional outcries against Agriculture Secretary Ezra Taft Benson died away, and the President's veto of the Democratic farm bill was almost sure to stand...
Never, that is, until he had drifted down to a job as manager of the Class D Daytona Beach farm club for the St. Louis Cardinals. There he had a skinny Polish kid named Stanley Musial who thought he was a pitcher. Kerr watched the boy and decided that as a pitcher he made a superb hitter. When Musial was not working on the mound, Kerr kept him in the line-up as an outfielder so that his potent bat was always available. Then one day Stan fell on his throwing arm and finished his career...
...fingers (signifying the Holy Trinity) when crossing themselves. Old Believers stuck by two fingers (signifying the dual nature of Christ) and other old traditions. Excommunicated, they set up their own church organization to keep track of births and deaths. They married only within their small fold, lived in isolated farm colonies where they produced their own food, clothing and shelter. Their descendants still scorn doctors, and live robustly to old age; they faithfully fast every Wednesday and Friday, shun tobacco, alcohol, coffee...
...State of Business). The belief that rising productivity will make up for wage increases, thus holding prices stable, has also proved false-at least in the short run. In 1957 wages jumped 4.5%, yet output per man-hour rose only 1.8%-and prices jumped 3%. The Government, with its farm subsidy and other aid programs to various sectors of the U.S. economy, also keeps an upward pressure on wages and prices regardless of what happens to employment...
...Price Commission, which would gather accurate statistics, compute the effects of wage-price increases, and formulate standards for government policy. Economists such as the University of Chicago's Albert E. Rees would also like to see the Government itself put an end to price-boosting devices, e.g., farm price supports, tariffs and import quotas that shelter inefficient domestic producers. Said he: "If the Government is to condemn private enterprise for using rigid prices, it should itself cease being the greatest single source for price rigidity in the economy...