Word: midweekly
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President Eisenhower, at his midweek press conference, tied the "recession" tag to the economy for the first time since droop set in last autumn (and once even slipped into calling it a "depression"). Added the Labor Department: the total of laid-off workers drawing unemployment-compensation checks hit 3,130,200 in mid-February, a record 7.5% of the 42 million earners covered by the system...
...midweek the President motored back to the capital for a two-day round of talks. At the White House he saw Defense Secretary Neil H. McElroy and Deputy Secretary Donald Quarles, reached with them a "tentative final figure" for defense next year. Next day he convened his first full Cabinet meeting in four weeks, led a general discussion on the State of the Union message, which each Cabinet member had received for review a day earlier. Leaving Vice President Nixon in charge of the meeting, the President went down the hall to witness the swearing-in of his new Civil...
...midweek the preparedness subcommittee recessed. Thus far in its study of the state of U.S. defenses, it had learned that far too much of the Pentagon is wreathed in fog and confusion...
Nerves & Rumors. In Amsterdam, London and New York, investment bankers waited nervously for each new report from Djakarta. Then at midweek Premier Djuanda announced that Sukarno was tired and exhausted from overwork, would leave shortly for rest and recuperation in a friendly country, presumably India or Egypt. In Sukarno's absence, Parliament Speaker Sartono would serve as Acting President, working in cooperation with Premier Djuanda and Major General Abdul Haris Nasution, chief of staff of the Indonesian army. There was talk that former Vice President Mohammed Hatta, who resigned last year in protest against Sukarno's attempt...
...fainthearted beat down prices, they moved in for the rebound. Some confidence was also gained by President Eisenhower's decision to make a series of speeches on U.S. strength and by hints of a possible easing in the Fed's restrictive policies. Up shot the market at midweek in the sharpest single day's point gain since 1929, recouping the losses of the two previous days...