Word: midyears
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...faction, who persuaded him to descend for a night of pleasure in the resort town of Atami, 60 miles short of Tokyo. Before resuming the journey next day. the delegate was presented with a cakebox, and the modest explanation: "It's only a little ochugen' (a traditional midyear gift). The cakebox was stuffed with crisp 10,000-yen (about $28) notes...
Across the nation last week the phrase to describe the economy at midyear was that it was pretty fair but had "no bounce." If sales were good, as they were in most industries, businessmen worried that they were not better. If they were poor, as they were in some industries, when would they improve? The economic experts who were in overoptimistic agreement last January that the economy would soar in 1960. were now guardedly optimistic about the next six months, but were no longer talking of the "soaring' sixties...
...return), Jaeger's 22 protégés have swept westward since September on one tourist flight after another. Each carries 44 lbs. of baggage, a dwindling $300 in pocket money. Behind them: Boston, New York, Washington, San Francisco, Honolulu, Tokyo. Ahead: Bangkok, Calcutta, New Delhi, Cairo (midyear exams), Istanbul, Athens, Rome, Florence, Geneva, Berlin, Paris, London (final exams). So far only one student has been lost; he missed the plane in Baltimore, caught up next day in San Francisco...
...surprise, the first wave of midyear earnings last week showed that 1959's upsurge in profits, so striking in the first quarter, had picked up even greater momentum in the second. From companies across the broad spectrum of U.S. industry-most of them old-line firms showing new vitality-came the heartiest figures to grace many a balance book in years. Items...
...midyear the booming U.S. economy was turning out goods and services at the rate of $479 billion a year and growing so rapidly that many Washington economists now expect it to pass the half-trillion mark before mid-1960. Behind this confidence was the economy's amazing expansion so far this year. Estimates last week of the growth that took place in the April-June quarter showed that the gross national product annual rate rose $12 billion over the first quarter, $5 billion more than expected. Added to a $14 billion gain in the January-March quarter, this made...