Word: quarterly
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Dates: during 1950-1959
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...initial attack had all the more impact because it came from an unexpected quarter. While Hollywood keeps a weather eye on church groups, it has never been in trouble with the Protestant National Council of Churches, which traditionally avoids anything that smacks of censorship. But last week the NCC was giving Hollywood fits. The issue, said George A. Heimrich, director of the council's West Coast Broadcasting and Film Commission, was movies that "overemphasize sex for sex's sake and violence for violence's sake." Added Layman Heimrich, before flying to New York to meet with other...
...mood. The freest with their funds were those who pinched pennies most tightly only a few months ago: U.S. industries. Last week Washington economists reported a fresh surge in expenditures for new plant and equipment. Capital investment has climbed from an annual rate of $30.6 billion in the first quarter to $32.3 billion in the second to a brisk $33.4 billion, may well hit $35 billion in the fourth quarter-if a prolonged steel strike does not sabotage the economists' projections...
Long-Range Challenge. One reason for the rise is that U.S. industry rolled into 1959 with more than $18 billion in capital funds that can be invested in inventories or plants. Industries have piled inventories so high (adding at an annual rate of $10.4 billion in the second quarter alone) that economists feel they will now begin to channel their funds into new plants to meet consumers' rising demands. That does not mean that the inventory boom has spent itself; inventories have moved up close to the peak level of January 1957, but sales have moved up even faster...
...need, boosted consumer credit by $2 billion in this year's first half to $46.7 billion. Much of it is financing new cars. August car sales, which usually slow down in anticipation of new models, ran faster than July's, probably topped 500,000. For the fourth quarter, automakers are scheduling production of 1,900,000 new cars, up 41% from last year. By next spring, they expect to be selling at an annual rate of 7,200,000, within a bumper's reach of 1955's alltime record...
...After a quarter century as the highflying boss of Eastern Air Lines, Captain Eddie Rickenbacker this week turned over the controls to a new pilot. In as president and chief executive officer of Eastern, the third-ranking U.S. domestic air carrier (4.4 billion revenue passenger miles in 1958), went Malcolm A. Maclntyre, 51. Under Secretary of the Air Force from May 1957 until he resigned in July. In the shuffle, Rickenbacker, 68, kept the board chairmanship, will also head a new seven-man policymaking committee. Ailing (from a back injury) President Thomas F. Armstrong, 56, will become executive vice president...