Word: hard-hitting
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Government spending will be stepped up in the hard-hit unemployment areas, such as northeast England and Scotland. New roads, factories and towns will be built to prepare for "the next wave of industrial expansion." Building, one of Britain's most inefficient industries, will be overhauled by coordinating government construction, streamlining techniques and archaic codes. Public building, which accounts for nearly half of Britain's national investment program, will be accelerated, while lagging slum clearance and new housing construction will be speeded...
...make markets decided that many stocks had touched bottom and now was the time to shop for blue-chip bargains. Monday night, Boston Investment Counselor Garfield Drew, the champion of the Odd Lots Theory (TIME, March 31, 1961), rushed out 4,500 telegrams urging purchases of such hard-hit issues as Polaroid, Xerox and American Machine & Foundry. On Wall Street, mighty Merrill Lynch, Pierce, Fenner & Smith sent out a "Buy Flash"; so did Paine, Webber, Jackson & Curtis, E. F. Hutton, Francis I. du Pont, and other influential brokerage houses. The long-distance wires hummed from Minneapolis, where the nation...
...just as anxious to find out as you are," Yovicsin replied, adding, "Wait 'til the first game--we'll have a pretty good idea after that." The waiting is over; today is the day. At long last, Crimson fans will have a chance to observe the hard-hit Harvard eleven, already famous for its pre-season miseries and disappointments. Kickoff time is 2 p.m. in the Stadium, as Lehigh provides the first opposition in Harvard's 88th season...
...Elston is doing what comes unnaturally-and doing it uncommonly well. Trudging in from the Wrigley Field bullpen with monotonous regularity, he has appeared in 18 of his team's 43 games, won five of its 17 victories, and saved five other games-three last week alone-for hard-hit Cub starters. Says an admiring teammate: "Don Elston is the best 'short man' in the business...
...They "do not seem to me to be very appropriate counteractions for a recession," because "they will take a long time to take effect and will do so when the recession is over." Instead of massive public-works spending, he views with favor smaller, more local public works in hard-hit areas...