Word: perking
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...cuts was precisely the Administration stand as set forth from different platforms last week by President Eisenhower, Treasury Secretary Robert B. Anderson. Labor Secretary James P. Mitchell and Budget Director Percival F. Brundage. The Administration, they said in effect, will urge cuts if the economy fails to perk up as expected. The promise underlined an essential fact about the recession: while the U.S. Government cannot prevent downturns, it is inescapably committed to combat them, whether the President is a Republican or a Democrat. Because of this commitment, Vice President Nixon could say with considerable confidence of his own last week...
...press conference that, in the opinion of his economic advisers, "it is reasonable to assume some upturn sometime toward the middle or just after the middle of the year." To a newsman who asked whether the Administration might push for a tax cut if the economy failed to perk up at midyear, Ike replied yes, added that there is such a thing as "going too far with trying to fool with our economy...
Forecasting that the nation's economy will perk out of its present dumps and boom on to new peaks, the Administration estimated Federal income for fiscal 1959 (beginning next July) at $74.4 billion, with tax rates remaining unchanged. That would top 1958 income by $2 billion, and, as Ike promised beforehand, leave a budget surplus. But the black-ink estimate amounts to only $500 million, a mere razor's edge as sums in the federal budget go. And just to give the Administration some room to maneuver, the President asked Congress to lift the $275 billion statutory debt...
...President's veto in such Midwestern cities as Milwaukee, Kansas City, Omaha and Chicago, and from such Southern centers as Dallas, Miami, Richmond and Memphis. Even the Des Moines Register, a supporter of the farm bill, was philosophical. Republican leaders meeting in Washington (see below) began to perk up after initial despondency. The President, they figured, had pulled the rug from under the Democrats by his principle-over-politics decision, as well as by his offer of administrative relief to farmers and his request for immediate soil-bank payments. By midweek, House Republicans who had backslid on the farm...
...hottest American painter in Paris these days is a 32-year-old Californian named Sam Francis, a husky ex-GI., who in the past five years has caused even palette-jaded Parisians to perk up. He has won raves for shows on both banks of the Seine, and Manhattan's Museum of Modern Art, currently showing a Sam Francis painting among its new acquisitions, calls him "perhaps the best-known young American painter now working in Europe." Last week Sam Francis racked up another triumph. Museum Director Arnold Rudlinger of Basel's Kunsthalle, acting for a group...