Word: mer
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Dates: during 1960-1969
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...kind of "depression-maybe" talk that was last heard at the low point of the 1958 recession. Said Black: "I don't know anybody who is smart enough to say what's going on." Consumers, too, have their doubts about the pace of the economy, and some mer chants report a buyers' tendency to put off deferable "big-ticket" purchases- furniture, appliances, etc. The University of Michigan's Survey Research Center this week reported "a marked decline in con sumer optimism" in the past two months...
What may well be happening, says El mer L. Lindseth, chairman of the Cleveland Electric Illuminating Co., is that "we're experiencing significant changes in components of our gross national product." The new industries on the rise, such as electronics and missiles, use comparatively little steel; thus some experts feel that the index statisticians lay too much emphasis on the steel industry. Some transistors, for example, smaller than a kernel of corn, sell for $200 to $300, or more than a ton of steel. And there is a shift in industries themselves. In Los Angeles, where aircraft-industry employment...
John M. Chang, 60, whose Korean name is Chang Myun, is Korea's leading Catholic layman and the most articulate spokesman for the opposition Democratic Party. Broad-shouldered and sil ver-haired, he looks like the dean of a divinity school, is actually a for mer Seoul high school principal who studied law at New York's Manhattan College (1925). Of his seven children, six are U.S. -educated, two are studying for the priesthood. Once Rhee's Prime Minister and trusted lieutenant, Chang rebelled in 1950 when Rhee proposed to alter the constitution to make himself independent...