Word: pinching
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...spreading through the entire economy, as in the past, just as the ample supply of goods is expected to check overall price boosts. Last week outgoing Treasury Secretary George Humphrey told the Byrd committee probing Administration fiscal policies that the Administration's tight-money policies have begun to pinch off the new inflation and that increases in the cost of living will soon stop. Wholesale prices have leveled off, he said, and this will soon show up in stabilized retail prices...
JAPAN'S FINANCIAL PINCH will be eased by $175 million loan from U.S. Export-Import Bank to be used to buy U.S. farm goods without draining low Japanese dollar supply. With the credit Japan will import U.S. cotton, wheat, barley and soybeans, for which it is No. 1 foreign customer...
...originally did on film, all of them poor. The one CBS experiment will be Monday night's Studio One Summer Theater, a sort of summer-stock version of the regular Studio One, returning live shows with new acting and directing talent. Low-key Comic Peter Lind Hayes will pinch-hit for Godfrey on Talent Scouts, and last summer's hot-pop Baritone Vic ("Da Moan") Damone returns with his caramel-whip tunes for a live hour in Godfrey's Wednesday-night spot. Fred Waring replaces Garry Moore's morning show; more Ford Theater reruns will fill...
Less successful papers have thus been quick to feel the pinch of production costs, long fattened by featherbedding mechanical unions and skyrocketing newsprint prices, which at $146 a ton (v. $134 in New York) are six times the prewar level. Aggrieved by the Laborite Herald's woes, one Labor M.P. even charged in the Commons' debate that the "giants have been deliberately inflating costs because they know that [they] will squeeze out their weaker brethren," while a Tory went so far as to propose beefing up ailing papers with government-paid newsprint subsidies...
...week; nonetheless, the fact that Moscow has taken a "different tone" and is becoming "more serious" at the U.N. disarmament talks in London gives ground for guarded optimism. Among the reasons for the different tone: the Soviets, "as well as all the rest of the world, are feeling the pinch" of maintaining "these tremendous military organizations." However, warned Ike, "this doesn't mean that they are not . . . going to want just as big an advantage out of [arms reduction] as they...