Word: shortly
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Dates: during 1950-1959
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...Best There Is. A breach with the Times led the Britannica to sponsorship, for a short period, by Cambridge University. Philanthropist Julius Rosenwald took it to Chicago in 1920 when it was purchased by his firm, Sears, Roebuck & Co. In 1943 Sears turned over the Britannica to the University of Chicago, with William Benton, sometime adman (Benton & Bowles) and U.S. Senator, putting up $100,000 as working capital...
...Switching lineups as steadily (but never as successfully) as Yankee Manager Casey Stengel, the St. Louis Cardinals' Fred Hutchinson finally decided that Bonus Baby Dick Schofield belonged at short, that Outfielder Ken Boyer belonged on third. And that left no place for Veteran Al Dark, the aging (35) utility infielder St. Louis got from the Giants in 1956. Rounding out his twelfth season in the majors, Dark went to his fourth team, the Chicago Cubs, in an even trade for Jim Brosnan, a husky (6 ft. 4½ in., 215 lbs.) righthanded pitcher...
...unemployment averaged 5.5% of the labor force, and prices dropped 1.9% on the BLS Consumer Price Index. But in 1954, when unemployment was about as high, prices declined only .5%. In short, prices are growing more and more rigid. Unemployment stands at 7.5% of the labor force, yet prices are still climbing. Last month they hit an alltime record 123.5 on the index, and no real end to the upward spiral is in sight...
...Despite the recession, there are so many escalator clauses, unemployment benefits, and automatic increases that wages this year are still going up (see State of Business). The belief that rising productivity will make up for wage increases, thus holding prices stable, has also proved false-at least in the short run. In 1957 wages jumped 4.5%, yet output per man-hour rose only 1.8%-and prices jumped 3%. The Government, with its farm subsidy and other aid programs to various sectors of the U.S. economy, also keeps an upward pressure on wages and prices regardless of what happens to employment...
...possibility considered by planemakers: subsidiaries that would sell, lease and re-equip the planes. Some foreign lines that have ordered jets as a matter of prestige may find themselves too short of dollars, may have to settle for DC-7s and Constellations...