Word: record
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Dates: during 1950-1959
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Under a shroud as concealing as the wraps around an Atlas missile last week was the U.S. budget for the fiscal year 1959 (beginning next July 1). But like a big missile's cover, the shroud could scarcely conceal the gigantic bulk record peacetime $73.5 billion to $74 billion. Even a few of the budget's major components were becoming noticeable. Items...
Despite major increases for defense and education, the Administration expects that the record budget can be kept in balance without tax increases. On the revenue side it will recommend continued excise taxes, will gamble that a business upswing by midyear will guarantee a higher level of tax revenue than in 1958. On the expense side, the Budget Bureau will scissor administrative non-defense spending; e.g., the Interior Department will start no new dam or reclamation projects (with the possible exception of the $400 million-plus Colorado River storage dam at Glen Canyon, Ariz.); nonessential defense spending for "chrome trimmed" military...
...Teichiku Record Co. planned to bring out a disk entitled In the Rain at Amagi ("In the drizzling darkness of Amagi/Searchers call for the vanished two"), with a companion tune on the other side called Two Stars Over Amagi ("0 sad, the two lovers gone/Before the spring came") but, disturbed by accusations of "bad taste," decided against releasing the record. The Shin-Toho film studio has announced it has started production of a movie, Suicide on Mount Amagi, the story of the two young college students, with the first screening scheduled...
...letting him branch out with an AM radio station as well. And this week the station's 36 stockholders-mostly old friends-will meet with Max to hear a cheerful report: during December, its first month of both AM and FM broadcasting, the station grossed a record...
...boasts, as of this week, 20 FM stations. Both Lincoln and Continental are advertising FM dashboard sets, and a fortnight ago Mutual Broadcasting System announced plans to acquire seven FM stations, the legal limit on single ownership. Boston's WCRB, which pioneered in stereophonic sound, is offering a record 128 hours of concert music a week, and Westinghouse Broadcasting Co.'s four new "FM only" outlets are making a pitch to advertisers who prefer "a rifle shot to a shotgun blast." Says Westinghouse President Donald McGannon: "FM is at last on the march, and that...