Word: perking
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...frustrated by Cuba, so is it uneasy about the economy. That feeling was reflected in the stock market, which last week fell to 573.29 in the Dow-Jones industrial averages-lower than Blue Monday. It was reflected in the Federal Reserve Board's move to perk things up by cutting commercial bank reserve requirements. It was reflected in the things-are-going-to-get-better statements of such Administration officials as Walter Heller, chairman of the President's Council of Economic Advisers, and Commerce Secretary Luther Hodges (see U.S. BUSINESS...
...Adviser Walter Heller, Treasury Secretary Douglas Dillon, Commerce Secretary Luther Hodges and a half dozen others. Also there in good grace: Paul Samuelson. Heller and his fellow council members had stayed up until 3 a.m. the night before preparing an all-out case for a prompt tax reduction to perk up the economy-and they presented it forcefully to Kennedy...
...Finance Committee. Dillon made this decision seem unshakably firm. Asked Byrd: "As the chair understands it, you have no immediate intention of recommending a tax reduction at this session [of Congress]?" Replied Dillon: "None whatsoever." But the policy was not really that solid. Dillon assumed that the economy would perk up without a tax cut. If it fails to do so, the argument of Walter Heller, chairman of the President's Council of Economic Advisers, who wants an early tax reduction, will probably prevail...
...knows, for instance, that the old men in the bars keep themselves happy betting on the number of pregnant women who pass by, or clocking the trips a college girl on a date will take to the ladies' room. The old ladies are all charmingly indomitable; they perk up their spirits by writing letters to Adlai Stevenson, or by shocking the sensibilities of stuffy sons who want them to come and live in Darien. Novelist Stone believes firmly in the outlandishness of the usual. An eagle grounds itself in disgust after colliding with a construction workers' crane...
...orders, will get better than a $1 billion lift. Long-depressed Detroit will be aided by the speedup in spending for trucks and tanks. The Boston area, headquarters for 80 Government space contractors as well as many other suppliers, will also gain. At least three slow-rolling industries will perk up: textiles, as the Government increases its yearly $230 million budget for uniforms and cloth; machine tools, which are used more for making conventional weapons than missiles; railroads, which will move men and machines...