Word: lowers
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Dates: during 1950-1959
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Brzezinski felt that "Poland can no longer be called a totalitarian state." It no longer has the single, monolithic Communist party, he stated, for at the top it is split into factions, and the lower echelons are in dedacy. Since October the power of the police has been neutralized, he noted, and there is now much greater freedom of speech...
Says American Motors President George Romney, who believes that his compact, "commonsense" Ramblers will find a niche for themselves among Detroit's ever-longer, ever-lower luxury models: "The automobile is no longer the means of satisfying the ego of the American. The consumer is turning to swimming pools and boats and trips to Europe and a lot of other things besides automobiles...
...will still compete model-for-model with Big Three. From the austere, stripped-down Studebaker Scotsman ($1,796) to the handsome, expensive (up to $12,000) Mercedes-Benz line that it distributes in the U.S., the cars show few mechanical or style changes. Most models are about 2 in. lower, offer a "luxury-level ride" incorporating variable coil springs that automatically adjust to road conditions. One new car: a Packard "Hawk" sports car to match Studeba-ker's Hawk series, with...
RECIPROCAL TRADE will be major congressional battleground next year when current laws expire. Protectionists are gaining strength in Congress; they will push hard to wipe out laws under which President Eisenhower can lower many tariffs whenever similar concessions are granted by foreign countries. White House has given notice that it will fight to have laws extended, though it may have to accept some changes...
Within days, traders on world money markets, who had been selling pounds hoping to buy back at lower rates later on, reversed their course. Instead of being forced to step in with precious dollars to support the pound, the Bank of England, whose reserves were cut by some $500 million in August and September, was able to sell pounds for dollars and recoup some of its losses. Yet no one knew better than Chancellor of the Exchequer Peter Thorneycroft that the fight to maintain Britain's currency will not be won overnight. Said he: "We recognize that this...