Word: lowering
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Dates: during 1950-1959
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Benson succeeded in winning approval of his basic idea in the 1958 farm bill, which set subsidy rules for the 1959 corn crop. It abolished acreage controls, lowered price props toward the level set by the market (support price: $1.12 per bu.). But instead of cutting surplus production, as Benson unswervingly predicted, the no-control formula encouraged farmers to raise a bumper crop. And, as Benson's own department admitted last week, it swamped by 600 million bushels the previous all-time corn record set in 1958. Reason: farmers boosted production to make up for lower prices. Result: more...
...strongholds. Presidential Aspirant Stuart Symington proclaimed a program to aid the small farmer, Jack Kennedy called for some original Democratic thinking, and Hubert Humphrey (who has never delivered on the new farm program he promised at the last session of Congress) predicted that the Benson wheat program would bring "lower prices and the largest crop in the history of the world." Iowa's Governor Herschel Loveless, vice-presidential hopeful recently picked to be a farm expert by the Democratic Advisory Council, worked away in Des Moines on a Brannan-style farm plan that will call for direct production payments...
World-renowned mountain climber Robert H. Bates '33 will present a color film this evening on the scaling of K-2, Robert A. Page Jr. '60, president of the Harvard Mountaineering Club, announced yesterday. The film will be shown at 8 p.m. in the Union Lower Common Room...
...network modeled roughly on the British Broadcasting Corp. Both the noncommercial BBC and the British commercial ITV probably give a better balance of educational and entertainment programs than do U.S. networks. But as soon as Britain's commercial channel went into business three years ago, its lower-brow fare began to take the bulk of Britain's "telly" viewers away from BBC. To meet the competition, BBC itself has lately turned to less cerebral programing, including plenty of U.S. westerns. The fact remains that ITV furnishes a striking example that a TV network can be run for profit...
...product back to 1909 in terms of a "constant dollar" based on the value of the dollar in 1954, when it was considered comparatively stable. Only in this way, said C.E.D., is it possible to "answer such questions as whether our general growth rate has recently been higher, or lower, or about the same as in the past." The C.E.D.'s basic findings...