Word: higher
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Dates: during 1950-1959
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HOUSE PRICES will rise about 4% next year, says National Association of Home Builders. Survey of 600 builders shows median price of 1957 home of $15,200 v. $14,700 this year. Reasons: higher land, building costs, demand for bigger homes, difficulty in financing less expensive homes...
...Crimson soccer team will finally enter a contest almost evenly-matched today when it meets Princeton this morning at 11. The Tigers are only one notch higher in Ivy League standings than the last-place Crimson...
...educational TV station, began to outline a plan. Though no city had ever tried it. Taylor's three companions-Chancellor Lawrence Kimpton of the University of Chicago, President John Rettaliata of the Illinois Institute of Technology and Chairman Lenox Lohr of the Illinois governor's commission on higher education-decided that the idea might be just the thing to help solve their problem...
...economy growing too fast? The question is one that thoughtful U.S. businessmen are pondering with increasing concern. Instead of slowing down, as most businessmen had expected last spring, business has boomed higher and higher, picking up momentum every month. Warns Sears, Roebuck Chairman Theodore V. Houser: "With industry operating at capacity, inflationary pressures are created which spill over into labor, new materials, prices and demands for all forms of goods and services." Adds David Rockefeller, executive vice president of the Chase Manhattan Bank: "We have reached a point where we stand on the verge of trying to grow too fast...
Another big problem is how the U.S. will finance the new expansion. Despite economic controls, the enormous demand for money is outstripping the supply of funds, thus pushing interest rates-and businessmen's costs-even higher. Though personal savings have increased at an annual rate of $4.5 billion, from $16.7 billion to $21.2 billion in the last year, economists doubt that they are rising fast enough to satisfy the demand for money. Other sources of investment funds are also falling behind, e.g., life insurance companies expect to increase their new assets by only $6 billion in 1956. As things...