Word: mid-march
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...borrowing more than a piddling $150,000 directly, Soapy turned last February to Michigan's big businessmen, many of whom deeply dislike him. To the heads of 23 corporations he sent personal letters asking them to pay in advance some $28 million in state business taxes due between mid-March and mid-May. Despite their distaste for Soapy's big-spending habits and his longstanding political palship with United Auto Workers President Walter Reuther. the corporation bosses helped out; General Motors alone put up $13 million. But this bailout only postponed the crisis...
This pronouncement by then-President Harry Truman was tossed off in a tradition-breaching exclusive interview that he gave New York Timesman Arthur Krock during the 1949-50 recession, and it had some cool-eyed economic truth in it. But last week, with the economy in a Republican recession (mid-March unemployment: 5,198,000), politically touchy Harry Truman publicly disowned his rare bit of economic wisdom...
...morning in mid-March. Mrs. Gladys Lowman, 31, wife of a roofer in Franklin, Ohio, awoke with what she called a bad stomachache. Drugs brought no relief all day. An orange-sized lump soon began to bloat her abdomen. When her doctor ordered emergency surgery. Dr. Walter A. Reese at Ohio's Middletown Hospital operated at once. He found a hemorrhage in a kidney that had apparently been displaced from birth. Swiftly, because the patient otherwise would have bled to death, Surgeon Reese removed the kidney. Despite massive transfusions, Mrs. Lowman lost so much blood during the operation that...
...electronic innards of the Census Bureau's Univac computer whirred last week, and out popped an anxiously awaited seven-digit number: the U.S. Government's official mid-March unemployment total. In advance of the announcement this week, the precise figure was guarded like a missile blueprint. But word seeped out that the total showed no significant change from the mid-February level of 5,173,000. The hoped-for seasonal improvement was missing, but at least partly to blame for this disappointment was March's wintry weather, which delayed the spring thaw in farming and construction. Pointing...
...there were bearish reports, too. The Labor Department announced that in mid-March nearly half of the U.S.'s major employment areas had a "substantial labor surplus," meaning 6% or more of the labor force out of work. And auto sales were creeping along at a rate of 3,500,000 a year, as against 1957 sales of nearly...