Word: lowers
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Dates: during 1950-1959
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...bigger than 1957's. But far from taking the wheat forecast as further evidence that the high price-support approach has failed (TIME, Dec. 23), Chairman Harold D. Cooley of the House Agriculture Committee declared that Benson "won't get to first base" with his proposal to lower the support floor under basic crops from 75% of parity to 60%. Instead, vowed North Carolinian Cooley, Democrats will push for a return to rigid 90% supports-a tried-and-true method of boosting farm surpluses...
...Catholic University of America, delivered his now famous lecture on "American Catholics and the Intellectual Life." Last week, taking off from Ellis' lecture. Father Cavanaugh sounded the alarm again. For 30 years, he said, evidence has been accumulating that "the intellectual prestige of American Catholics seems to be lower than the intellectual prestige of Catholics in any other country in the whole Western world...
Upward Track. The flight path ahead is clear. Yet the U.S. economy, like the first early missiles themselves, may experience some failures and disappointments before it gets on the upward track again. For many companies, the initial months of 1958 may produce sharp production cuts, painful layoffs and lower profits. But if the fall is sharp, the bounce back may be even faster. For better or for worse, defense spending will quickly provide new thrust for the lagging business pace. Beyond, there is the many-sided U.S. economy, in which a fall in one industry is often balanced...
...billion in new plants and machines, down 7% from 1957. Autos, aluminum, machinery and many others are planning fewer additions. But utilities, which never caught up in 1957, will have to pile on another $200 million increase to $6.5 billion next year. Many steelmen are also pushing ahead despite lower operating levels. Says Inland Steel Co.'s President Joseph L. Block, who earmarked $280 million for a three-year expansion program: "We plan for continued growth because we believe we are a growth company in a growth industry in a growth country...
...have to make only minor adjustments in their plans. But if the Smithsonian's finding checks out, the perigee (minimum orbital altitude) for a long-lived satellite will have to be raised from 140 miles to 180 miles because of the decelerating drag of air particles at the lower altitude. Anticipated perigee for Vanguard: a safe 200 miles. Scientists at Washington's Carnegie Institution are still puzzling over a radio phenomenon of Sputnik I: a "ghost" signal that registered on their receivers when the artificial satellite was on the opposite side of the earth. One guess: under certain...