Word: growth
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Dates: during 1950-1959
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...President of the U.S. to make his annual report on the State of the Union. His message was closely reasoned, bluntly presented with occasional flashes of eloquence, and positive in its nature. Dwight Eisenhower urged and set forth a program for fiscal responsibility, not of the sort that stifles growth but of the kind that can stand as a springboard for national progress...
...These sums are tremendous." said the President, "even when compared with the marvelous resiliency and capacity of our economy." And beyond that, with an annual population growth of three million, the U.S. will also have to meet higher costs in federal aid to health, education, water resources development, highway construction, urban renewal programs. He would, he promised, soon convene a committee of educators, businessmen, labor leaders and professional men to make a new study of new "national objectives"-which presumably could be pursued by private as well as Government effort. The common denominator of cold-war defense and domestic growth...
...Army's Adjutant General Robert Lee, lay the sleepless vigilance of the organization known for short as P.O.A.U., and for long as Protestants and Other Americans United for Separation of Church and State. P.O.A.U. has been increasingly uneasy about what it views as an excessive growth of Roman Catholic influence in the armed forces (and elsewhere), specifically in the promotion of chaplains. But P.O.A.U.'s uneasiness mounted to anxiety when it caught wind of what seemed to its officials a movement to dedicate the U.S. Army to Catholic patron saints...
Economists have long known that the gross national product, the nation's No. 1 economic growth indicator, has a serious flaw. It does not allow for inflation. When prices and production are both swooping up, the G.N.P. greatly overstates the rate of growth of the U.S. economy. When production sags, it understates the drop, since prices tend to hold up. To counteract these price distortions, the Commerce Department brought out a new indicator. Henceforth, along with the regular quarterly G.N.P. expressed in dollars of current value, the department will publish a G.N.P. showing what the actual change would have...
...biggest steel producer. The move would create a giant even bigger than Krupp-Bochumer Verein, with a 6,000,000-ton capacity and nearly $1 billion in sales. Mannesmann, the No. 4 steel producer, recently eliminated several of its subsidiaries, absorbed them into the main firm. The trend to growth extends beyond iron and coal. Friedrich Flick, a prewar steel baron who was forced to sell off many of his holdings after he was sent to prison as a war criminal, has built a new empire in autos. He got control of Daimler-Benz, joined it with the big Auto...