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MARRIAGE SLOWDOWN will nip market for houses, furniture, etc. Dropping steadily since last August, marriage rate this year is about 10% below year ago. Reasons: low birth rate of Depression 1930s combined with today's economic slump and living-cost spiral...

Author: /time Magazine | Title: Time Clock, may 5, 1958 | 5/5/1958 | See Source »

What labor has not learned is that just as businessmen must suffer from reduced business and lower profits, so labor must also bear some of the cost of a business downturn. Businessmen fear that the U.S. will not be on solid ground for an upturn until the wage spiral is broken, and productivity, which has not been rising as fast as wage rates, catches up. Said Industrialist and longtime Federal Reserve Chairman Marriner Eccles: "Organized labor has already jeopardized its interests by pricing many of its goods and services right out of the market...

Author: /time Magazine | Title: STATE OF BUSINESS: The Morning After | 3/24/1958 | See Source »

...Congress on short notice. But the Administration saw no reason to abandon its long-standing basic position: I) eased credit, stepped-up defense spending and underlying economic strengths will get things perking up by midyear, and 2) drastic, too-much-too-soon recovery programs might fuel a new spiral of inflation. The decision: a reassuring statement by the President, plus a token public-works program...

Author: /time Magazine | Title: THE ECONOMY: Good News for Bad | 2/24/1958 | See Source »

Thorneycroft was adamant. In his fight to choke off the inflationary spiral he had drastically limited private bank loans, upped the Bank of England interest rate to its highest level in 37 years, asked industry to reduce investment. Now, he argued, the government must do its part by refusing to increase its spending by so much as a penny. His opponents, keenly aware of the votes that could be lost by cutting family allowances, retorted that the amount involved was trifling-less than 1% of the projected budget. The showdown came at a late-night Cabinet meeting at 10 Downing...

Author: /time Magazine | Title: GREAT BRITAIN: One Percent Difference | 1/20/1958 | See Source »

...orked for hours at special exercises (including one similar to the ballet dancer's tour en I'air) to achieve Fenton's No. 1 fundamental: balance. "If a punter is balanced, he'll be accurate," says Father Fenton. Fenton strives for the accurate spiral that rolls for extra yardage, schools his punters to aim for coffin corner from as far out as 55 yds. A Fenton-trained kicker gauges the wind like an old salt, will boot low against it, high with it. The best ones can even tack the ball into a wind angling...

Author: /time Magazine | Title: Sport: The Punting Parson | 12/2/1957 | See Source »

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