Word: higher
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Dates: during 1950-1959
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After edging up all spring, the U.S. cost of living has reached a record high and is expected to go higher. In June, the Bureau of Labor Statistics reported last week, the Consumer Price Index (1947-49 = 100) took its biggest monthly spurt in nearly five years-0.7% over the previous high of 115.4 reached in May (and equaled once before in October 1953)-Chief reason for the spurt: a sharp (2%) rise in food costs, partly seasonal. Said BLS Commissioner Ewan Clague, who saw no signs of inflation in the jump: the index "will probably creep up a little...
...could be "a threat to American education." The results made a mockery of the cynics and alarmists alike. On campus after campus, whole new communities sprang up-row upon row of trailers, barracks, and Quonset huts, crammed with books, babies and as eager a crop of students as U.S. higher education had ever seen. By 1947 the ex-G.I.s comprised more than one-half of the University of Michigan's student body, nearly three-quarters of Columbia...
...Kwame Nkrumah, born a Twi tribesman in a mud-hut village, graduate of Pennsylvania's Lincoln University ('39), leader since 1947 of his country's surge to get independence from the British, struck a higher note: "Do not listen to these madmen who talk to you of cocoa and corruption," he argued. "They simply hide the fact that they do not want independence for our country...
With the high cost of doing business, top sales sometimes were not enough to guarantee top profits. Allied Chemical & Dye Corp. scored a sales record for its first quarter, but earnings slumped 4% to $25.5 million, partially because of higher wages and freight rates. Du Pont's net from chemicals dropped slightly as a result of the belt-tightening in textiles and autos...
...boom levels, while in the Southeast discount houses were invading traditional department-store markets, forcing prices down and sales up all around. Though established stores moaned that they lost money on big appliances, Atlanta's Rich's department store noted that July sales were about 10% higher than June and generally ahead of last year. Estimates were that total retail business in the Southeast was 6% to 7% better than in 1955. Much of the buying was on credit, but few bankers worried; repayments were strong and repossessions...