Word: record
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Dates: during 1950-1959
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...such long-range terms, 1958 could be reckoned a year of limited success. Still shocked at year's beginning by Sputnik, the U.S. strengthened its steady recognition that crisis is the cold-war staple that must be lived with and lived up to. The 1958 record looked even better because of Communism's failure to keep up its Sputnik momentum. And while the U.S. failed to define the grand plan-despite the stabs made by President Eisenhower, Vice President Nixon, Secretary of State Dulles, Dean Acheson, Adlai Stevenson, et al.-this failure was mitigated by the fact that...
...Chicago's Robert M. Hutchins warned that vets would breed "educational hobo jungles." Sociologist Willard Waller, recalling that World War I Veterans Hitler and Mussolini first recruited veterans, wrote ominously: "Veterans have written many a bloody page of history, and those pages have stood forever as a record of their days of anger...
...Time for Miracles. Despite this initial record of accomplishment, De Gaulle has a long way to go. In fact, his very conditions for returning to power?that he be summoned on his own unquestioned terms?made it necessary for circumstances to be almost beyond retrieving before he would take over. The slope that lies before him is steep. Wonders Socialist Guy Mollet: "Frenchmen expect miracles of De Gaulle. But can he work miracles...
...since record 1955. What gives automen heart is the low level of consumer debt and the prospect of a big increase next year. One of the axioms of the new economics-and the exact opposite of the copybook maxims-is that rising consumer debt is a sign of prosperity, expanding in times of optimism, contracting in times of doubt. With recession in 1958, consumers paid off $1 billion in auto debts, the highest repayment since World War II. Now, with recovery, they should be in the mood to borrow for cars again. While predictions...
Another question mark for 1959 is the state of the nation's foreign trade. To the delight of foreign countries, the new economy's huge purchases kept imports at record rates, though exports plummeted from a peak annual rate of $20.5 billion in 1957 to $16.6 billion the first half of 1958. Gold flowed out of the U.S. at such a rate that there was talk of a flight from the dollar. While exaggerated, the talk underlined the fact that foreign companies are engaged in a vast modernization program, which, with lower labor costs, will give them...