Word: lowers
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Dates: during 1950-1959
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Canny Konrad Adenauer quietly set up a shadow Economics Ministry in his chancellery to take over if Erhard's prophecies flopped. But the professor's exhortations to Germans to wait for lower prices paid off. The inflation threat faded, and the German economy took off on the boom that has yet to end. Shortly after that crisis, Erhard took a hefty bite on his cigar and told a visitor: "Remember all those announcements I made about controls? You know how many I had to put in force? None...
...thirds of mankind who live in the world's underdeveloped countries are now multiplying twice as fast as in industrialized societies. To support the extra population these countries are least able to afford, they are forced to consume less and produce more, and are falling ever lower in living standards. Said Dr. A. Eugene Staley, Stanford Research Institute's senior international economist: "Despite all the vaunted technological and economic progress of modern times, there are probably more poverty-stricken people in the world today than there were 50 years...
...headquarters, Ford Motor Co. gave the press a quick preview of the 1958 models that the U.S. will see for the first time next week. As promised, the new Fords have plenty of changes to show for Stylist George Walker's $185 million restyling: flashy new grilles, a lower-and longer-looking body, and a bigger, more economical V-8 engine that Ford hopes will cut gasoline bills as much as 15% (TIME, July 8). One major surprise: Ford will discontinue its famed two-seater Thunderbird, replace it with the long-planned four-seater model that is longer...
Arthur M. Schlesinger, Jr., professor of History said of the resignation and the proposed appointment of Deputy Attorney General William P. Rogers, "It would require talent to lower the standards of the office any further, but if anybody can do it, Rogers...
Rooms for "recreation and congregating," as well as the dining rooms, will have higher ceilings, Holloran added. He concluded by saying that "there is a definite economic factor in favor of lower ceilings...