Word: ratings
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Dates: during 1950-1959
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...story centers about Sidney, a fortyish widowered proprietor of a second-rate Miami Beach hotel, and his rather precocious 12-year-old son, Ally. Sid, who thinks Easy Street is just around the corner, needs $5300 to pay off debts and retain the hotel. So he phones his stupid but well-heeled brother Max in New York and drops a half-truth about Ally's poor health. Whereupon Max and wife Sophie fly down and want to take Ally home with them or marry Sid off to a wealthy young widow; but Sid prefers women's company without responsibility, particularly...
...Except for small-car-champion American Motors, Detroit's automakers bumped steadily on through their worst year in a decade. Railroads continued to lose. But many another industry reported itself over the worst of the recession, with improving sales and earnings. Steel earnings climbed along with the operating rate at the mills. Most chemicals also rose, demonstrating the effectiveness of cost-control programs...
...C.E.D.'s charts a major booster out of the 1949 and 1954 recessions was the turnabout in inventories. In the 1949 recession businessmen continued to liquidate inventories for more than a year, in 1953-54 for 15 months, before any sizeable upturn took place. This time the rate of inventory liquidation seems to be bottoming out after two quarters, though no one is willing to predict any heavy accumulation in the near future. Business outlays for new plant and equipment are a more worrisome problem. The 1958 slide in expansion expenditures has already gone on for three quarters...
...recovery, regardless of what happens to inventories and plant expansion, is housing, which C.E.D.'s chartists call the economy's "ace in the hole." After dropping farther than in either of the two preceding recessions (13% v. 2½% in 1953, 3½% in 1948), the annual rate of new housing starts broke through pre-recession levels in June, and the industry is expected to pump $1 billion into the market for men and materials this year...
...were Communist Party members, and some stood high in the esteem of their masters. Yet all are aware, in varying degrees, that they and their countrymen are living falsely because they are not living freely. Not all of these stories are good and no one of them is first rate, yet they are pathetically moving because their authors can be felt, and almost seen, each in the tricky situation of one who must tell a necessary truth and may forever lose his right to speak if he tells...