Word: lowers
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Dates: during 1940-1949
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...barred for his views, but for running afoul of U.S. immigration laws. The Herald Tribune thought the dispute a needless blunder: "Two or three telephone calls, made in time, would have cleared [it] up." But by the time it had reached the policy level of the State Department, whose lower levels should have caught it first, it was not that easy. The whole system of U.N. accreditation, the U.S. felt, needed "drastic revision...
...found some 60% expecting the boom to continue at the present level or even higher in 1948. Only 37% expect a moderate downturn (last May 74% expected a slump by year's end). Some 90% expect to keep their present payrolls or boost them. Almost none expects to lower prices in the next six months...
Rosy View. Predicted Harvard Economist Sumner Slichter: There is no recession in sight in the early part of 1948 because businessmen have been careful to keep inventories low. In his forecast he saw higher wages, higher dividends, higher prices, lower food stocks and lower taxes...
...from Mehl's report. But New York Stock Exchange President Emil Schram cried that Mehl had performed a "public service" in showing how high stock exchange margins had helped bring on the speculation in commodities. However, Schram thought that the answer was not to raise commodity margins, but lower margins on stocks...
Futuramlc. Oldsmobile will bring out a radically different postwar model in February, the first General Motors division to do so. Oldsmobile's "Futuramic '98" will have a lower, wider body and larger windows than the '47s. For the conservative, Oldsmobile will also turn out two new models with fewer changes from 1947 design...