Word: lowers
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Dates: during 1950-1959
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Astigmatism, closing one eye, or somehow throwing one eye out of commission makes it possible for the painter to see reality simultaneously in three dimensions. The painter tilts his head; horizontal and vertical lines and shapes correspondingly shift and tilt from one lower corner to the opposite upper corner of the canvas...
...Johnson and "Mister Sam" Rayburn. Its essentials: 1) let the Eisenhower Administration move first on tax cuts; the longer Ike waits, figure Democrats, the more laggard his party will appear; then 2) bump all Republican bets with a whopping Democratic tax slash aimed mostly at relief for middle-and lower-income workers, i.e., most U.S. voters. Meanwhile, the Democratic Express could roar down the tracks with a highballing series of antirecession spending bills-and Republicans could grab onto the caboose as best they could. Items: ¶ The Senate shouted through a Lyndon Johnson resolution calling upon the Administration to speed...
...quickest and most effective way of dealing with the recession is by means of a tax cut for lower-and middle-income groups, i.e., those groups which tend to spend almost all their income. Such a tax cut would be fed into the economy almost immediately. It would stimulate demand for goods and services, afford the best hope for stopping the current economic recession, and help to start an economic upturn. Public works are too slow. And even if taken off the shelf quickly, and even if built in the right localities, public works generally do not directly employ those...
...recession. For the third time in four months, FRB cut the discount rate. Reserve banks in New York, Chicago, Philadelphia and Atlanta reduced the rate from 2¾% to 2¼%. Most of the other eight central reserve banks will soon follow; the cuts are expected to lead to lower interest rates to boost loans and business expansion...
...percentage of total retail sales at cut-rates, merchandisers estimate that 90% of all small appliances are sold below list price, and say that cut-rate sales in other lines are growing fast. Several million young families, whose homes are from 75% to 90% stocked with possessions bought lower-than-list, buy no other way. Thus, while economists worry about the seeming paradox of price rises in the face of a general economic decline, the fact is that the prices contained in the rising Consumer Price Index are not what people really pay. Auto prices last year went...