Word: lifted
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Dates: during 1960-1969
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...spill right before you go down, it makes you think a little," says he. "But once you start on the run, you forget about it. When you're in the air, you're just like an airplane. You can feel the wind and the air lift you up. You even hit air pockets. One time the wind turned me absolutely upside down and I landed on my back. That was my fault-I'd shut my eyes. If I had kept them open, I might have landed somehow on my skis...
...principal adjustment" of the recession. But "the fact that aggregate output has been fairly steady despite the large inventory adjustment reflects the underlying strength of the current situation." The report looks for further inventory reductions, but not for much longer, expects them to be followed by a mild lift. It also predicted that the economy in 1961 will be strengthened by a continued good export balance, "materially" rising Government outlays, a reduction in the balance-of-payments deficit, and increased housing expenditures and consumer outlays...
...More Decline? The Commerce Department reported that personal income, which both economists and the economic report counted on for any economic lift, turned downward in November and December for the first time in nearly two years (except in major strike periods). Revised figures showed that personal income in November, which the department had previously reported as steady, actually declined about $700 million to an annual rate of $409 billion. The drop continued in December to $406.7 billion, running up a new decline in two months of $3 billion in the nation's potential purchasing power...
...Space: Lift outlays for the National Aeronautics and Space Administration by $195 million, to a total $965 million-more than twice the amount spent in fiscal...
...President also reiterated some of his longstanding legislative proposals: boost postal rates, increase gasoline taxes, lift the 4¼% ceiling on Treasury bonds to stretch out the debt, liberalize depreciation allowances to encourage capital investment. Though Democratic Congressmen have frustrated several such proposals in the past, John Kennedy may look more favorably upon them as means to increase federal income and spur the economy. But it was less likely that Kennedy would stay with Ike's spending proposals, or meet his challenge to balance the budget. Said incoming Treasury Secretary C. Douglas Dillon, in testifying before the Senate Finance...