Word: nationalizing
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Dates: during 1950-1959
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...takes dedication and determination to strive for a balanced budget in late autumn 1958. In a nation that only lately climbed out of a steep recession, and that has elected a Congress likely to be less cost-conscious than its predecessor, the goal seems almost unattainable. Even if the Administration is right in its prediction that the economy's upward surge will push federal income in fiscal 1960 to an alltime record of $75 billion, a deficit of more than $4 billion still looms if spending stays at this year's level of $79.2 billion. And the pressures...
Graduation last year took away many of the finest hockey players in Harvard history. Bob Cleary, top scorer in the nation last winter, star defenseman Bob Owen, Lyle Guttu, John Copeland, Bob McVey--all of these left in June. Only eight lettermen remain: Harry Pratt, Tab Cleary, John Duncan, Dick Fisher, Captain Dick McLaughlin, Dave Vietze, Buddy Higginbottom, and Paul Kelley...
...vote of 54 to 9 with 18 abstentions the committee decided to create an 18-nation study group...
Revue (which died of atrophy two years ago). In 1939 along came the Ice Capades, now the nation's largest, with two separate companies touring the U.S. (last year's gross: about $10 million). When Minneapolis Restaurateur Morris Chal-fen bought tiny Holiday Inc. in 1945, the Big Three had successfully tied up all major U.S. ice palaces...
...economy last week showed a seasonal briskness that put new pep into the statistics. Private housing starts hit the highest level of any month since September 1955 with a seasonally adjusted annual rate of 1,260,000. The nation's industrial output edged up another point to 138% of the 1947-49 average, 9% above the recession low. With unemployment still dropping between September and October, consumers stepped up their buying in the nation's department stores by 2% over a year ago. And steel production, reported the American Iron and Steel Institute, rose to the highest level...