Word: recessional
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Dates: during 1950-1959
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This year TIME had two cover stories about the bull, both written by Associate Editor George Daniels, who has also turned out the Year-End Review every year since 1955. In March the bull was on one knee, and the bears all said that the bull was falling down. But...
Businessmen, consumers and the Government are all formulating new rules, and the recession was the test of how well they worked. The new economy (see BUSINESS IN 1958) is as different from the old as the soaring bull is from the bawling calf.
Starting in January, stocks on the big board took off with a whoosh that by December sent the market up 37% and carried every average out into space. Coming in a time of recession, the market's amazing moon shot baffled most of the experts. But it was no...
The new economy is not the fruit of revolution but of the rapid change of U.S. capitalism to meet the vast, growing needs of the population it serves so well. In the new economy many of the old classical rules of economics no longer apply; over the years the U.S...
But expansion costs have cut profits. Last week Sheraton announced that earnings for the six months ended Oct. 31 dipped to $1,810,881 from $2,481,549 in the same period last year. Another reason for the drop was that a subsidiary, Thompson Industries, Inc., which Sheraton bought in...