Word: hardest-hitting
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First to be warmed was the railroad industry. Freight-car loadings jumped 14% for the week to 638,408 cars, the largest traffic since the 697,633 cars loaded in the last week of June. Even the steel industry's biggest and hardest-hit customer, the auto industry, began to thaw. General Motors, which had shut down its plants, began to call workers back to resume making parts. Ford put its operation on five days, and scheduled overtime on the Falcon, Thunderbird and Lincoln. (But Chrysler laid off more workers, stopped production of its Valiant.) With American Motors...
...recovery from the recession, even the hardest-hit industries are showing sharp improvement. Last week the laggard railroads were back on the track: carloadings rose to a 1958 high of 667,277 cars, only 8% under 1957. Several of the carriers deepest in red ink nudged into the black for the first time in almost a year...
Soil-bank payments will begin in September or October, and they will pour into the hardest-hit areas in the pivotal Midwestern states; e.g., Iowa stands to get about $39 million, Nebraska some $32 million. Certainly the Republicans would have been in trouble without the soil bank, but with it these normally Republican states seem likely to stay that way. Most farmers like the idea of the soil bank; they clearly identify it with the Eisenhower Administration. They believe it is good for the land, good for income, and the first hopeful attack they have yet seen on the haunting...
Caught in the Middle. One of the hardest-hit victims of present federal tax laws, said some tax experts, is the small businessman, who is big enough to pay the same tax rates as giant corporations, but too little to attract attention in the big-money markets. Thus he must rely on the small private investor, who is often scared off by too much risk for too little take-home profits. For example, if a shareholder lends the company money, it may be taxed as dividends when it is repaid. New York Lawyer Edwin S. Cohen suggested that the Government...
...Hardest-hit of the services, the Army will march into the year with 19 divisions, 1,407,500 men, should come out with 17 divisions...