Word: risings
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Dates: during 1950-1959
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With wide-eyed envy, the first episode of Sweet Success reported the rise of Don Loper, a onetime ballet dancer, who gives up the stage for dress designing. To Producer Douglas, the critics' sneers seemed almost unAmerican. "Something's wrong in this country right now," says he. "With the beatniks and all, it seems fashionable to be a failure. In Sweet Success I'm going to show people who are successful because they worked hard, and people who live well because they enjoy...
Long-Range Challenge. One reason for the rise is that U.S. industry rolled into 1959 with more than $18 billion in capital funds that can be invested in inventories or plants. Industries have piled inventories so high (adding at an annual rate of $10.4 billion in the second quarter alone) that economists feel they will now begin to channel their funds into new plants to meet consumers' rising demands. That does not mean that the inventory boom has spent itself; inventories have moved up close to the peak level of January 1957, but sales have moved up even faster...
...comes at an opportune time, just as builders are warning that tighter mortgage money may slow the pace of home starts, now a near record 1.300,000 a year. Overall construction is moving 12% ahead of last year, at an annual rate of $55 billion; builders expect it to rise to at least $57 billion in 1960. Says Chairman Melvin H. Baker of Buffalo's National Gypsum Co. (1958 sales: $163 million): "Seldom if ever has an industry looked forward to such bright prospects as does the construction industry. Despite all the talk of overcapacity, the U.S. today...
Personal Finance. A key sign of better living standards is the steady rise in consumer spending, which has jumped $20 billion in the last year to its present record of $311 billion; consumer durable goods alone account for $44 billion. By next spring, consumer buying is expected to top $325 billion annually-as much as the total gross national product a decade ago. To spur the rise, personal income, up $20.6 billion in the past year, is expected to jump almost $20 billion in the next twelve months...
...best hope for solution to the seven-week-old steel strike lies in the natural pressure of economic forces on the parties involved. But when-and where-will those forces reach impasse-breaking strength? Last week, slowly but inexorably, they began to rise on all sides, starting a steady acceleration that should reach a climax in early October. By then, if the nation's basic industry is still-shuttered up, the alternative to a settlement will be real trouble for the U.S. economy. The key forces...