Word: gross
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Dates: during 1950-1959
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...these reasons, many a financial expert thinks that the U.S. must not only lift the debt limit; it must also change the way it thinks of the debt. When the ceiling was put on, the debt was 130% of the gross national product. But as the economy grew, the comparative size of the debt shrank until now it is only 62% of the gross national product. Thus, the federal debt could be doubled-and the burden would still be less than it was ten years...
President Pusey stated flatly that "something is wrong" with a society which spends less than one per cent of its gross product for education. He particularly called attention to faculty salaries which today are lower in terms of real buying power than they were 25 years ago, and said that the American public had been "careless" in its attention to the teaching profession...
...risk of offending Sweden, Denmark, West Germany, Yugoslavia and five others, President Eisenhower doubled the tariff on imports of spring clothespins to the U.S. Concurring in a Tariff Commission finding that domestic industry was "injured" by rising imports, he raised the tariff from 10? per gross to 20? per gross, to give "appropriate relief," but rejected a recommendation for cutting imports...
Japan's businessmen have a happy phrase to describe their resurgent economy: Jimmu kieki-the biggest boom since the days of the legendary Emperor Jimmu, who founded the Japanese empire in 660 B.C. In five years the gross national product zoomed 62.5% to $25 billion annually, while industrial production jumped almost 100% to 219 on the 1934-36 index. But last week Japan had two somewhat more sober phrases to quote: naka-darumi, meaning pause, and oi-uchi, meaning a tightening. The pause in the boom had been brought about by the credit pinching of Finance Minister Hisato Ichimada...
...pharmacy in Darmstadt, Germany in 1668 by his ancestors (TIME, Aug. 18, 1952); of a cerebral hemorrhage; in West Orange, N.J. Devoted to company activities, with an exuberant capacity for work, Merck directed the Government's wartime research on biological warfare, built his company (last year's gross: $172.4 million) mostly on good will ("Medicine is for the people. It is not for the profits...