Word: recessional
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Dates: during 1950-1959
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Woe on Wall Street. To exist in the new age of missiles, some planemakers have already drastically changed their companies. Some are still hustling to do so, and some face the grim prospect that they must either merge with a bigger company or shut up shop. The change has already...
Briefly, the President rallied: less than three weeks after his stroke, he flew to Paris to attend a NATO conference. In a strong State of the Union message, he mobilized the nation to meet the challenge of Sputnik. But now the recession was coming closer to home-3,400,000...
While sending out bad news to the stockholders in recession year 1958, U.S. corporations voluntarily shouldered a heavier share than ever of the massive costs of U.S. higher education. In its biennial survey of 352 representative companies, the Council for Financial Aid to Education (chaired by Irving S. Olds, former...
The Treasury's troubles are a key part -but only a part-of the squeeze on money. Because of the new boom, there has been a large rise in business loans, which have soared from a recession low of $52 billion in May 1958 to $58 billion last month...
Rather, it was more than a year ago that Ike stood up under one of the hardest leadership tests ever imposed on a U.S. President. In the midst of the 1958 economic recession, Democrats were shouting for the Administration to start priming the fiscal pumps. Some of the President'...