Word: holdes
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Dates: during 1950-1959
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Just a Great Big Noise. "For three-quarters of a mile it was just another horse race. Then, at the half-mile pole, Seabiscuit moved, hugging the rail. A horse named Whichcee came over on Seabiscuit sharply. The crowd of 80,000 seemed to hold its breath. For an instant the four-legged horse and the two-legged boy, with four good legs between them, seemed certain to go down. But Pollard had learned the hard way-in the Western bull rings-and managed to ease off. The Biscuit drew off to win . . . from his own stablemate, Kayak...
...hopes to hold the consumer-credit rise to $3 billion for a total of $39 billion. The enormous debt consumers already owe will make the FRB's job easier; repaying 1955's loans will soak up enough money to make people think twice before taking on new debts...
...mass migration to the cities has cut the farm population, and per capita farm income has dropped only about 9% from the 1953 peak. Big farmers with enough land and machines to cut costs are hold ing up, while the small, often inefficient farmer is being squeezed...
Atoms & Responsibilities. In 1955 the Government loosened its tight hold on the development of nuclear energy. Encouraged to go it alone, power companies poured $150 million into half a dozen nuclear power plants with up to 250,000 kw. capacity. On the Colorado Plateau alone, the new demand for uranium built the fledgling industry into a $100 million mining complex. Yet for all the expansion and new-found reserves, the uranium deposits uncovered so far, estimated the Atomic Energy Commission, will last the U.S. only until...
...breather may stir up cries of "recession"-the forecasts for 1956 are impressive by any standard. For 1956, Administration economists predict a total G.N.P. of $403 billion, 4% higher than 1955. Personal income is expected to jump to around $310 billion, about half the 1955 advance, while savings hold steady at the 1955 rate. Though industrial production will not equal igss's 11 % jump, it is expected to edge up. The Government's budget, unbalanced in 1955, may still not balance in fiscal 1956, although the Administration hopes to turn in a surplus, with the possibility...