Word: letdowns
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...year's end, the same uncertainty hung in the air as at the beginning. Because of this, the businessmen in Washington were arming against a possible letdown. They have a housing program designed to keep building above the 1,000,000 units-a-year level, plans to boost the minimum wage and to provide increased unemployment insurance benefits, along with a $15 billion public-works program ready...
...industry has kept growing and expanding despite the temporary letdown when military orders were slowed in the period of disarmament. The current need for fighting planes will not slack off soon. In fact, it promises to increase. Experimentation is going on in subsonic, transonic, and supersonic flight--new developments are coming on in reciprocating (propeller driven), turbo-prop (combination jet and reciprocating), ram jet, and rocket engines...
...letdown is caused by the fact that
...last week that it will sell $300 million in debentures next month, partly to finance a "high level" of corporate expansion. For giant G.M., which has already spent $1¼ billion for new plant and equipment in the last four years, the announcement meant that there will be no letdown in the company's growth program. The issue will be the biggest industrial offering ever made to the U.S. public, and will represent the first long-term debt G.M. has had since 1949, when it retired the last of its notes...
...trumpets, with $750,000 in advance sales already in the till. A Joshua Logan production starring Charles Boyer and (in her first nonsinging role) Mary Martin, its opulent costumes and decor half suggest that Miss Martin is still playing musicomedy. The whole thing may well prove the greatest letdown of the season; it is a sumptuous bore and a gilded vacuum...