Word: record
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Dates: during 1950-1959
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...Coach Frankie Albert, whose San Francisco Forty Niners finished with an unimpressive 6-6 record, quit with a bellow of rage. Said Albert: "My wife ran out of grocery stores where she could shop without being insulted. My daughter Nancy [15] quit going to games this year. Janie [12] checked out a month ago. I know what my problems are, and I expect to worry about them. But when my six-year-old daughter [Terry] starts to worry about them, that's too much...
...market also proved that the new economy is so big and so diverse that many industries once considered the driving forces can slow down without bringing a traffic jam throughout business. The tobacco companies, the supermarket chains, drug and electronics companies all had record or near-record years despite recession. Investors reacted by driving P. Lorillard up 175% to 89 at the high; General Foods went from 50¼ to 79½ Federated Department Stores from 30⅛ to 54¾ Pfizer, Merck. Schering, and Carter Products posted 68% to 114% gains. One spectacular performer riding a recession boom: Zenith...
Cushions & Nudges. The important thing was not to let the slump in manufacturing spread. And there the economy's built-in cushions proved their value in helping keep personal income ($353.3 billion) at record levels. As labor incomes slipped $6.2 billion by April, chiefly from the declines in autos. and thus in steel, payments from unemployment insurance, pensions, social security, etc.. automatically climbed $5.5 billion (to $26.1 billion annually) and took up the worst of the slack. Increasing federal, state and local outlays for needed schools, hospitals, dams and roads helped keep construction growing to a record...
...European autos, such as Volkswagens, MGs, Renaults and Fiats, buzzed off with 8% of the domestic market, better than double their 1957 record. But the man of the year in autos was American Motors President George Romney, who had staked the fate of his company on the small Rambler and won. As sales soared, he turned American Motors' $11.8 million loss in 1957 into a $26 million 1958 profit, and at year's end sales and profits were still climbing fast...
...well on its way out of recession. Gross national product was clipping along at $453 billion annually, a new record, and industrial production was back up to 142 on FRB's index, only four points below the alltime peak. Where to in 1959? As usual, the forecasters see clearly for six months: a gradual, continuing recovery without explosive boom. Says Louis J. Paradiso, chief statistician for the Commerce Department: "1959 will be moderate. The graph will go back to saucer form. The momentum of the recovery will show a very good rate of increase in the first half, with...