Word: ratings
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Dates: during 1950-1959
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...increasing difficulty of raising money to finance the deficit is one of the reasons Anderson and President Eisenhower are battling so hard to balance the budget. A still larger question revolves around the growth of the U.S. economy (see U.S. Expansion). Nevertheless, if interest rates keep edging up, Anderson's problem will only get worse. The Treasury is approaching the maximum interest rate of 4¼% set by Congress back in 1918. Before Secretary Anderson can pay more, he will have to ask Congress to raise the rate. Then the choice will be up to Congress either to raise...
BETWEEN now and 1970, predicted Nikita Khrushchev recently, the Soviet Union will catch and then pass the U.S. as the world's foremost economic power. Russian output will race ahead, he said, at the rate of 8.6% annually; the U.S. is poking along at less than 2%. Khrushchev's brassy boast is open to doubt: the U.S. puts out accurate figures, but no one can vouch for the Russian "percentages." The real question is whether the U.S. is growing fast enough, not just to stay ahead of Russia, but for its own economic wellbeing...
...judge the constantly changing, increasingly complex U.S. economy solely by G.N.P. is also a risky business. Much of the slowdown in the rate of gain between 1952 and 1958 can be attributed to slowing in industrial production of hard goods. But consumers bought so many other things that the volume of consumer buying kept growing an average 3.5% annually, well above the 3% "norm." The continuing consumer demand means that production-and thus G.N.P.-must take another jump...
...brings to P-B exceptionally high profits of 9? per revenue dollar. P-B announced this week that 1958 earnings rose 7% to $4.4 million on gross income of $51.3 million. P-B will split its stock three for one (current price: $92.50), boost the annual dividend rate from...
...stamp faces in the right direction, then postmarks and cancels 500 stamps a minute, double what a man can do. Next November the Post Office will get a 75-ft. long P-B mail sorter by which twelve operators each can sort 720 letters a minute-triple the manual rate. Each letter passes on a conveyor belt before the eyes of a postal worker, who pushes keys to direct it to one of 300 cubbyholes. Now P-B's scientists are tinkering with the ultimate in postal automation: a mechanical scanner to "read" the address and do the sorting...