Word: mildest
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Dates: during 1960-1969
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...British govern the atoll as a crown colony, based on Captain James Cook's discovery of it in 1777. But in one of history's mildest international disputes, the U.S. has never relinquished, nor seriously pressed, its own claim, based on the working of guano deposits by an American firm there in the 1850s. Occupied jointly by the U.S. and Britain in World War II, the atoll supported a U.S. airbase. Britain had another Christmas Island in the Indian Ocean, 200 miles south of Java. In 1958 the island was transferred to Australia, which still uses...
...SOFT RECOVERY. The mildest of the four U.S. postwar recessions brought an unexpectedly modest recovery. After hitting bottom in February, the economy turned up faster than predicted, only to stall in the summer. An upsurge in the late fall sent personal income to a record. U.S. consumers finally got over their yearlong frugality as retailers did a record Christmas business, and Detroit beamed over fourth-quarter auto sales that may even top the 1955 record of 1,700,000 cars. The year's net: not much better than...
...presented to the House last week, the Administration's bill was the mildest of measures. Left out altogether was the controversial aid for teachers' salaries. To sweeten an allotment of $325 million for school construction, congressional leaders passed the word that the funds could also be used to pay off debts for past construction-a ploy calculated to charm Congressmen from the South, which has had a wave of classroom construction...
...last week set the date when they expect the recovering economy to regain its former peak: the end of August. If their calculations are right, the recovery would be one of the swiftest in recent U.S. history, following a recession that already ranks (in percentage of decline) as the mildest. Measured by the Federal Reserve Board index of industrial production, recoveries to pre-recession highs since 1919 have taken between five months and 17 months (see chart). If the present recession reached its low point in February, as most economists feel it did, the recovery time now predicted in Washington...
Cautious Forecast. The chief fear among Government planners is that the recovery will be as moderate as the recession, which was the mildest since World War II (gross national product dropped less than i%). Now they anticipate, at least for 1961, even less of an upturn than the one that followed the 1958 recession, when the G.N.P. jumped $50 billion in the year after the recession ended-but still got poor marks for vigor from the economists. In a cautious economic fore cast, Government economists predict that the G.N.P. will rise from its present estimated $500 billion...