Word: gainful
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Dates: during 1950-1959
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Most economists agree that a leveling-out would be a healthy thing for the U.S. economy. As the economy grows bigger, only the foolish believe that it can keep piling a 10% gain on 10% gain every year. But even if business activity continues to taper off during the remainder of 1957-and most areas of the economy, e.g., retail sales, new construction, are still booming-it could quickly start upward again. A Government tax cut. predicted for next year, would encourage business investment. And any loosening of the money market could stimulate more home construction, trigger postponed borrowing...
...fraternal orders (125,861 local chapters) have shared as never before in the golden bounty of U.S. prosperity. Since 1947, overall membership in the Masonic order, biggest U.S. fraternity, has climbed 10% to 4,000,000; the Benevolent and Protective Order of Elks, second largest, reports a husky 25% gain in new dues-paying brethren to a total of 1,200,000. From Calais, Me. to Elsinore, Calif., more than 20 million U.S. males are entitled to participate in the mysteries and handclasps of one lodge or more. Estimated total assets of all the orders, including hundreds of plush...
...Gets It & When. These disquieting facts emerged last week from a conference on flu and vaccination prospects sponsored by the U.S. Public Health Service. Nub of the problem: the U.S. population has no immunity against this new mutant strain (TIME, June 24), can gain immunity only from contracting the disease itself or from preventive inoculation with a new vaccine prepared especially to combat it. Despite the best efforts of medical men and vaccine manufacturers around the world, there will not be time enough to immunize more than a fraction of the U.S. population before the disease strikes in force...
...second half, said Chicago's Federal Reserve Bank, because of the economy's natural pattern of growth and several specific expectations. Among them: an auto upsurge when 1958 models come out, a rise in residential construction, a retail-sales boost as rising personal income sparks a gain in consumer spending, a rebuilding of stocks following inventory adjustment...
...Blough foresaw "reasonably good business in steel-consuming industries during the rest of the year," predicted a slight upturn in U.S. Steel's production in the last quarter. The oil industry reported a highly profitable six months, helped account for a sizable part of the 6% profit gain over 1956's first half chalked up by 741 U.S. corporations in a survey by the First National City Bank of New York. Profits of Standard Oil Co. (New Jersey) reached a record $463 million for the year's first half, $38 million more than an early estimate. Cities...