Word: productive
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Dates: during 1950-1959
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Hopefully, one by-product of the shipment of weapons will be a revitalizaed French approach to the Algerian problems. Already Gaillard and Pineau have taken a significant step forward in introducing a bill for limited Algerian autonomy into the Chamber of Deputies. Only the French could be so perverse as to defeat such a bill twice in a row. The best hope for peace in North Africa is a program of gradual independence under the sponsorship and with the guidance of France. The French legislators, irrational or not, cannot ignore the need and the solution forever...
President Pusey stated flatly that "something is wrong" with a society which spends less than one per cent of its gross product for education. He particularly called attention to faculty salaries which today are lower in terms of real buying power than they were 25 years ago, and said that the American public had been "careless" in its attention to the teaching profession...
...Recession. Getting down to specifics, the forecasts hardly looked like a "recession" at all. Prices will probably go up 1%. Gross private investment is expected to decline some 5%, and corporate profits will be lower: some $41 billion before taxes, or about 3% less than 1957. But gross national product will stay level at this year's record $439 billion, and industrial production, as measured by the Federal Reserve's index, will only slip 1.5% or 2%, a barely noticeable drop compared to the 5% or 6% decline the U.S. experienced during the so-called 1954 recession. Unemployment...
Japan's businessmen have a happy phrase to describe their resurgent economy: Jimmu kieki-the biggest boom since the days of the legendary Emperor Jimmu, who founded the Japanese empire in 660 B.C. In five years the gross national product zoomed 62.5% to $25 billion annually, while industrial production jumped almost 100% to 219 on the 1934-36 index. But last week Japan had two somewhat more sober phrases to quote: naka-darumi, meaning pause, and oi-uchi, meaning a tightening. The pause in the boom had been brought about by the credit pinching of Finance Minister Hisato Ichimada...
This edition, also a CRIMSON product, had a bedside interview with the victim--"I asked what they wanted, but they didn't say anything. They just kept grinning at me. Then one of them hit me in the side...