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FARM INCOMES are rising steadily. With farm assets at an alltime peak (TIME, Sept. 9), index of farmers' prices jumped 1% in August-the sixth straight monthly rise-to reach highest level in three years...
...last week: "The Federal Republic is becoming an international finance center comparable to New York and Zurich." What prompted such proud talk was the flood of foreign money that has poured into West Germany and sent its stock market off on a sharp rise. By last week, the official index of all shares had risen from 169 to 180 since June, and many industrials had piled up gains of 20 points or more. Chief reason for the influx of capital: persistent rumors that West Germany's superstrong Deutsche Mark will soon be revalued upward...
...actually trimmed more than 56,000 employees from their payrolls during the past year, they paid 12.5% more in wages, hiked payrolls by nearly $28 million. The railroads were also hard hit by increases in the price of materials and supplies to keep the trains running. A special price index compiled by the Association of American Railroads (based, like the Government's consumer price index, on a 1947-49 base of 100), soared to 143.2 in April, a hike of 6.5% over last year. With interest rates at 5% v. 2% six years ago, the lines must pay much...
LIVING COSTS HIT NEW PEAK, cried the headlines. Up went the U.S. Consumer Price Index by one-half of 1% during the month of July to its eleventh successive monthly alltime high, adding up to a creeping 3.2% inflation since July 1956, a decline of 20.8% in the spending power of the dollar since 1947-49 (see BUSINESS...
...corporate boardrooms, the great debate of 1957 is about the complicated balance of the U.S. economy. Which way will it tip? Not even the men in charge of the nation's economic policies can agree. The Federal Reserve Board still warns of inflation as the consumer price index keeps climbing (see NATIONAL AFFAIRS). Yet an equally august body, the President's Council of Economic Advisers, argues that the danger of inflation has passed. Last week in Washington, a single, persistent note began to carry above the hubbub of disagreement. Its message: the greatest economic boom in U.S. history...