Word: pers
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Dates: during 1950-1959
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...know that the U.S. population will increase to well over 200 million," said LIFE'S Publisher Andrew Heiskell last week, looking toward the 1960s. "We expect real income to rise 4% per annum, with the result that an additional 6,000,000 families will have incomes of $5,000 or over." To keep pace with that national growth, LIFE (circ. base: 6,000,000) last week announced its plans for moving into...
...seven-man school board, and nothing but penny-pinching grief has resulted since. The Aldine district (pop. 45,000) has had three school superintendents in two years, turned over 9% of its students to Houston to save money. Last summer the board cut the proposed school tax from $1.58 per $100 property assessment to $1.35. Result: the town's twelve schools (9,000 students) temporarily lost accreditation: after their paychecks stopped last month. Aldine's teachers quit their jobs and the schools shut down entirely...
Part of the slippage was due to the fact that U.S. gold, priced by law at $35 per ounce, plus a handling charge of one-fourth of i%, is slightly under the price on the British free market. The difference would encourage foreigners with dollars or other hard currency that they wanted to turn into gold to buy in the U.S. rather than in Britain. The British government itself was also buying U.S. gold again for its reserves. During the early part of this year, Britain stopped buying to accumulate $200 million borrowed from the International Monetary Fund...
...Warning on Costs. Last week there was no indication that any official action was being considered to stem the gold outflow. Treasury officials professed to be pleased at the growing signs that the U.S. policy of helping Europe to boost exports was running according to plan. Said Per Jacobsson, director of the International Monetary Fund: "I do not think the U.S. gold outflow represents any real threat to the dollar. With the U.S. possessing more than half of the world's gold it would be absurd to say that...
Paying Its Way. The boom is fathered by increased U.S. spending, but it is mothered by smart marketing. The industry has steadily brought down prices (current range: $225 to $375 per ton for central units in new houses) while putting out more compact, smoother-operating products every year. Thanks to miniaturization, the 1959 models of Admiral, Carrier and others are 50% to 60% smaller than in 1956. General Electric claims that one of its 1959 bedroom models is virtually noiseless. Westinghouse, Fedders, Emerson are putting out install-it-your-self "portable" models. York is packaging parts needed for installation with...