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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...

Author: /time Magazine | Title: State of Business: Shape of the Recovery | 4/14/1961 | See Source »

Theodore A. Andersen, U.C.L.A.: It's by far the mildest recession since the turn of the century. We have a severe unemployment problem because of an extraordinary increase in the labor force and a shortage of trained and educated persons. But gross national product has declined less than 1%, total employment has increased by half a million, and nonproduction jobs are up 1,500,000 over a year ago. I expect production to start rising in March or April...

Author: /time Magazine | Title: National Affairs: HOW GOES THE RECESSION? | 3/3/1961 | See Source »

More Phrases. Testifying before the Joint Economic Committee of Congress, Government and private economists agreed that the recession (the Government economists preferred to call it a downturn) is the mildest since World War II, has been going on for six months, and stems in large part from the economy's failure to emerge strongly enough from the 1957-58 recession. "In no case," said Geoffrey Moore of the National Bureau of Economic Research, "is the contraction as widespread as it eventually became...

Author: /time Magazine | Title: STATE OF BUSINESS: Points in the Second Half | 12/19/1960 | See Source »

...weekly journals of opinion, the New Statesman is beyond much doubt the best written, best edited, most successful-and most maddening. It is read round the world, has particular standing among Asian intellectuals, including India's Prime Minister Nehru, who is apt to agonize over the mildest New Statesman rebuke. In Britain, it is relished or reviled with equal fervor. Wrote Irish Author Sean O'Faolain: "It is the British bible of every washed-up Liberal, soured Conservative, lapsed Catholic, half-baked grammar-school intellectual, and every other unhappy misfit, pink and pacifist, whose sole prophylactic against despair...

Author: /time Magazine | Title: The Press: New Kind of Statesmanship | 12/5/1960 | See Source »

...doctor at a Berkeley hospital referred him elsewhere when neither he nor Sue had the $450 for an emergency operation, ran after him to demand $10 as an examination fee. The appendix ruptured, Sahl recovered in a veterans' hospital, and the American Medical Association joined his repertory (his mildest joke about the medical world is that "the A.M.A. opposes chiropractors and witch doctors and any other cure that is quick...

Author: /time Magazine | Title: COMEDIANS: The Third Campaign | 8/15/1960 | See Source »

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