Word: rosing
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Dates: during 1950-1959
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...worry about the white children in Little Rock who are told . . . that the way to get your rights is to violate the law. It should be affirmed . . . that Article VI of the Constitution means what it says." Echoing Marshall's plea, U.S. Solicitor General J. Lee Rankin rose to remind the court of the obligations of school boards and state authorities to uphold the Constitution. "The court," said he, "must say throughout the length and breadth of this land: There can be no equality of justice for our people if the law steps aside even for a moment...
From the Federal Reserve Board in Washington last week came the rosiest FRB comment yet on the comeback from the recession. Said the FRB: "Rapid recovery in economy activity continued in August. Industrial and construction activity, nonfarm employment and consumer buying rose further." The FRB index of industrial production rose three points in August, to 137% of the 1947-49 average, has regained more than half of the recession loss. Furthermore, the FRB found that it had underestimated the production climb in June and July, had to revise those figures upward...
...Steel output for August rose to 7,285,-ooo tons from 6,420,000 tons in July, and mills scheduled operations for the week at 65.4% of capacity, the highest rate all year...
...good news from Washington on unemployment was that the jobless total dropped 595,000 in August to 4,669,000, lowest since January, as employment rose to 65,367,000. The bad news was that the rate of unemployment edged to 7.6% of the labor force (see chart), close to the postwar peak of 7.79% set during the coal strike in October...
...jobless ratio rose because unemployment did not go down as much as it should have, considering seasonal factors. Actually, much of the dip in the unemployment total came from students who gave up looking for summer jobs-a move that was discounted by seasonally adjusted figures. But the hard core of unemployed adults over 25 held at 3,241,000, close to the high June-July level...