Word: recessional
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Dates: during 1950-1959
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"There are still too many people who want work and can't find a job," said Labor Secretary James Mitchell in a blunt talk last week to civic leaders in the industrial town of Granite City, 111. Mitchell is keenly aware that production has bounced back from the recession...
Harris said "the Administration's policy represents a cultural lag." "The Republicans have a neurosis about inflation," he asserted, "and their attempts to stop it with tight money have resulted in a recession which cost the nation $50 billion."
But Bloody Harlan's defiance has long since given in to chilling despair. As the U.S. puts recession behind it, most cities and towns are speeding up production lines or hunting up new industry. Harlan County's one industry-mining-is dying; because of geography the county is...
Ford Motor Co. last week wheeled out a racy earnings report that was a prime example of the fast snapback scored by many a recession-hit corporation. In the last three months of 1958. Ford earned $111.9 million or $2.05 a share, the second-best fourth quarter in its history...
Administration economists profess not to be worried. The real, noninflated gain in G.N.P. for 1953 was 4.4%. that for 1955 a fat 8%. What knocked the average off was a minus 1.9% in the 1954 recession and a minus 3.2% last year. Says one top-level Washington economist: "The boys...