Word: slacking
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...November the beleaguered U.S. voter will hear some wildly confusing statements about how he and the economy are doing. Before the Democratic Platform Committee in Chicago, Leon H. Keyserling, lawyer and politically nimble chief economist for the Truman Administration, accused the Eisenhower Administration of sustaining a "cultivated economic slack" designed to eliminate the inefficient small farmer and small businessman and to "keep labor in its place." But from Washington came new forecasts of continued prosperity...
...shipping, American Export Lines profits increased more than tenfold to $3.1 million, thanks largely to increases in cargo volumes, freight rates., postwar Government subsidies. Pennsylvania Railroad's $22.2 million net was its best first half, although high operating expenses caused June returns to slack...
...wanted to miss out. In Manhattan, liners packed to the last berth with tourists edged daily from their docks into the Hudson's high slack water. In Miami, 200 hotels once open only during the winter season were lobby deep in summer guests; despite two spectacular summertime crashes, airline flights were booked solid...
...Slacks That Slack. There was a long list of pet peeves: the big "buckety-baskety hats," "slacks that are too slack in the rear," sheath skirts "that make it so awkward to get in or out of taxis," dresses with petticoats that wilt after the first washing, the "no-ironing" synthetic fabrics that do need ironing, white collars and cuffs that are not detachable, the store that advertises a dress on Sunday and is "out of it" on Monday...
...fast as ever. Retail sales for the first five months neared $75 billion, 3.8% above last year. Manufacturers' May sales wrote a new record: $27.8 billion, up 6% over 1955. Manufacturers' new orders stood at $27.7 billion, up from the month before, although May orders usually slack off from April's. People were buying more because they were earning more. Commerce last week disclosed that 1955 family incomes before taxes averaged $5,520. And with the passage last week by Congress of the roadbuilding bill (see below), the economy will soon be further boomed by billions...