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Once again that modern miracle-the capitalist, citizen-controlled U.S. economy -confounded the doubters. Only a few months ago President Kennedy had uttered bleak warnings of recession. Academicians and government brain-trusters talked worriedly of "high-level stagnation." When the economy got bouncy late last year, they said it was only a "last gasp." Some gasp. As of last week, almost all indicators were still on the rise-and the surge had very little help from government...

Author: /time Magazine | Title: The Economy: Looking Up All Over | 5/10/1963 | See Source »

Cliches prove such sturdy soldiers that they die hard. Now that "high-level stagnation," used to describe the recent listlessness of the U.S. economy, no longer fits, a Manhattan economist has diagnosed "high-level stagnation with an upward trend." Things are better than that. After months of being prodded, decried and even despaired of, the U.S. economy seems once more to be on the go. "The economy has finally formed a base from which it can move upwards with confidence," says Wells Fargo Bank President Ransom Cook, whose own bank less than a month ago expressed no such confidence...

Author: /time Magazine | Title: State of Business: Optimism Is Back | 4/26/1963 | See Source »

...miles west of the Iron Curtain, and soberly aware of it. Göttingen is more a graduate school than a college; its 9,000 coed students study under seven faculties, from law to medicine to theology. Typical of its traditions was the 1957 "Göttingen Manifesto"-a high-level protest by 18 nuclear scientists against arming West German forces with atomic weapons. To this spirit of dissent, Göttingen adds West Germany's best mathematics institute, its biggest university library and largest agricultural faculty. So many Afro-Asian students now go there that the town...

Author: /time Magazine | Title: Universities: Rebirth at Gottingen | 4/12/1963 | See Source »

...That reading has made him more optimistic about the U.S. economy than he was six months ago. Of dozens of businessmen interviewed across the U.S. last week by TIME correspondents, the great majority look forward to slowly rising business activity this year-or, at the worst, a plateau of high-level prosperity. In contrast to President Kennedy's warning about a possible recession unless a tax cut passes Congress, few are seriously worried about a recession. In fact, few think a tax cut would do them very much good for some time, and they are not counting...

Author: /time Magazine | Title: State of Business: Increasing Confidence | 3/1/1963 | See Source »

...Although high-level White House sources would not definitely confirm plans for the trip yesterday, no one denied that the President wants to attend the last meeting of his term as an Overseer...

Author: NO WRITER ATTRIBUTED | Title: Kennedy Plans Visit Here in May | 2/28/1963 | See Source »

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