Word: near-record
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...three-month period in business history, and huge profit gains were reported by giants as varied as Eastman Kodak (up 25%), U.S. Steel (up 72%) and the Monsanto Co. (up 84%). Retail sales marched upward, and so did construction contracts. Auto and steel production continued at record or near-record levels...
...prosperity ("The way they go, we go-only a little better," says one Canadian official), Canada's entire economy showed impressive growth for 1963. Gross national product grew 6% to a new record of $42.5 billion, exports jumped 8%, and foreign-exchange reserves for November stood at a near-record $2.6 billion. The forecast for 1964: more of the same...
...Thanks. Karamanlis, relying on his impressive economic record, campaigned as though he expected the people to thank him for running. To the surprise of almost everyone, they didn't. A near-record turnout of 4,600,000 voters gave Papandreou's Center Union 140 seats in the 300-member Parliament; Karamanlis' National Radicals got 128. Winner Papandreou celebrated by dancing most of the night. Karamanlis was furious, hastily announced he was quitting politics...
Because they give businessmen both the impetus and the means to hire, build and modernize, profits are the power behind economic exuberance. By that gauge, the current prolonged business expansion stands a good chance of continuing. The Commerce Department reported last week that profits after taxes rose to a near-record annual rate of $26.8 billion in the second quarter, up 5½ from 1963's first three months. More important, profits have been moving up for nine quarters-about twice as long as in any previous postwar recovery...
Spectacular skiing and near-record performances highlighted the North American Water-Ski Championships held this past week-end on Lake Lashaway in East Brookfield, Mass...