Word: interestingly
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Dates: during 1950-1959
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...fighting recession. President Eisenhower urged that businessmen do only ''what is clearly in their own interest." He called for "vigor and imagination in forging ahead with new and improved product developments and in product and market research." He asked business to show faith, not fear, in the U.S. economy by keeping inventories up to normal standards, by investing in needed plants and equipment...
...Protestant interest, said Father Weigel, is the result of three factors: "numerical increase of Catholics (see below), the loss of Protestant inviolability, and the weakening hold of the Protestant churches on their members." Together these factors have "produced anxiety in Protestantism" and "anxiety engendered humility...
Part of the investors' interest could be attributed to gold's traditional role as a hedge against recession. While many other industries struggle to sell their product, the U.S. Government buys all domestic gold output; thus as mining costs decline (at least theoretically) and the selling price remains the same, gold-mine profits should rise...
...much bigger reason for the new interest was continued gossip that the U.S. will soon raise the price of gold from $35 an ounce, where it has stayed since 1934, to $40. Such an action, went the talk, would not only ease the profit squeeze on many of the world's mining companies, but would also stimulate foreign trade by increasing the foreign-exchange reserves of many U.S. friends and allies...
...already poor. As recently as 18 months ago, demand was so strong that fully depreciated planes could often be sold for more than they cost; ancient DC-3s were bringing $140,000 v. an original cost of $85,000. But with turboprops and jets on the way, airlines lost interest in slower aircraft, and prices tumbled 40% to 60%. American Airlines, which has four DC-7s currently for sale and may have up to 25 more by July 1959, is asking $1,200,000 for an aircraft that cost $2,000,000 new. A DC-6B that cost...