Word: sharpers
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...growing 5% in real terms, the U.S. experienced a sharper expansion than any other major nation. Even the most optimistic forecasts for 1965 turned out to be too low. The gross national product leaped from $628 billion to $672 billion?$14 billion more than the President's economists had expected. Among the other new records: auto production rose 22% , steel production 6% , capital spending 16% , personal income 7% and corporate profits 21%. Figuring that the U.S. had somehow discovered the secret of steady, stable, noninflationary growth, the leaders of many countries on both sides of the Iron Curtain openly tried...
...Sharper Controls. The stockpile maneuvers are, of course, only the most visible examples of Washington's increasing use of guidelines to force restraint on industry. Businessmen have been grumbling about the "voluntary" controls in business spending abroad, and the Foreign Trade Council last week called for their abolition. Almost simultaneously, Treasury Secretary Fowler, Commerce Secretary John Connor and William McChesney Martin Jr., chairman of the Federal Reserve Board, appeared together to announce some bad but expected news: the nation's balance of payments, after running a brief surplus in the second quarter, showed a $485 million deficit during...
...Globe has begun to shuck that please-'em-all philosophy. Ads have been dropped from the front page, almost every big syndicated columnist except Walter Lippmann has been signed on, and the new drama and music critics are both caustic and first-class. News stories have become sharper...
...sputtering" segments. Yet the home buyer has to pay at least 3% more than a year ago. Throughout the U.S., reports the Census Bureau, the median price for new houses has jumped in the past year from just under $19,000 to about $20,000. The rise is even sharper in big cities' from $24,400 to $27,100 in the pas year in the Chicago area...
...last the men's clothing industry seems to be acquiring a sharper look. It expects sales (excluding shoes) to climb from $10.2 billion to $11.7 billion this year. Buyers ordered 15% more than the year before when they looked at new spring suits last month; they are expected to top that gain when they return to Manhattan in two weeks for a show of 1966 sportswear. Last week the industry's leader, Hart Schaffner & Marx, reported that its orders are up 20%, predicted that its 1965 sales will rise 14% to a record $165 million...