Word: gross
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Dates: during 1950-1959
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Oklahoma has always been bone dry. The Army enforced anti-firewater regulations in the Indian and Oklahoma Territories, and Sooners adopted prohibition along with statehood in 1907. Six repeal efforts failed, in part because bootleggers (estimated 1957 gross: $100 million) lavishly shared profits with any sheriffs and other officials who were of a mind to make trouble. Against this aged blend of piety and politics, James Howard Edmondson, red-haired (nicknamed "Nugget Head") young (32) county attorney from Tulsa, entered this year's Democratic primaries as an avowed Wet who proposed, if elected Governor, to call a quick special...
...Committee for Economic Development brought out a remarkable set of graphs that for the first time put the recent downturn in clear focus-and incidentally laid to rest some cherished views about combatting recessions. Starting at the first real dips, C.E.D. individually plotted such prime indicators as industrial production, gross national product, employment, inventory changes, plant expansion, month by month or quarter by quarter to show the relationship of each to the others. Conclusion: the current recession is the shortest and probably the mildest of the three. It is also the recession that proved it a fallacy to consider...
Rumbled Superior Court Judge Arnold Praeger, in ruling on two taxpayer suits: "This is an illegal delegation of the duty of the city council, an abdication of its public trust and a manifest gross abuse of discretion." Pending an appeal, O'Malley stayed mum on renewal of his Coliseum lease (which expires next year), observed plaintively that "our timetable is completely out the window...
...goods and services in the first three months of this year (seasonally adjusted) was $425.8 billion, $4 billion higher than earlier calculations. This was down sharply from a peak of $445.6 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...
...states the increase in farmers' cash receipts was nearly 100%. Texas farmers, from January through May, took in $704 million v. $489 million in 1957. Nebraska cash receipts jumped from $339 million to $479 million, and Kansas' from $212 million to $326 million. Leaving aside production costs, gross farm income during the first six months of this year ran at the rate of $38 billion -an alltime record...