Word: recessional
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Dates: during 1950-1959
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Borrowing Trouble. Much of Michigan's financial trouble did indeed lie far, far beyond Soapy Williams in the state's dusty, archaic constitutional tax structure. Michigan, the nation's twelfth wealthiest state in terms of per capita income, collects about $1 billion in state taxes. But five...
Springlike Tarheel vigor was at work last week from Kitty Hawk to Cherokee, from missile plant to church pulpit, reshaping a landscape once principally adorned by loblolly pine, flue-cured tobacco and two-room farm shacks. Near Laurinburg, Presbyterians broke ground for a new college, a few weeks behind the...
Productivity in steel, explained Commissioner of Labor Statistics Ewan Clague, traditionally varies more widely with the business cycle than in other industries. Steel productivity dips sharply with a business slump, because production drops faster than layoffs. Productivity comes back quickly when business recovers, because production rises faster than new employment...
For the past decade Tabell has been pointing up. In 1948, when the Dow-Jones industrials were around 180 and Wall Street was expecting a drop, Tabell predicted an intermediate rise to 250, a rise to 450 by the mid-1950s. In the 1953 recession downturn, Tabell wrote that "this...
Cessna's performance is proof that the private-aircraft industry, which sprouted like a teen-ager after 1951 (TIME, Feb. 17, 1958), has finally matured. Last year, despite the recession, U.S. private-plane manufacturers delivered 6,416 planes, up 300 over 1957, raked in $101.5 million v. $99.7 million...