Word: spurted
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Dates: during 1960-1969
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Profound Changes. The dip is due to some profound changes in the U.S. housing market. Conventional mortgage credit rates recently dropped from an average 6.3% to 6%, but for the first time since World War II, a credit loosening has not triggered a new building-buying spurt. Most economists take this as a sign that the nation has pretty well built itself out of the long postwar shortage of homes. In the 1950s, family formations averaged only 830,000 per year, but builders put up houses at an annual rate of 1,200,000 to 1,600,000. Now, because...
Under mutual aid agreements worked out three months ago, the central banks of Western Europe last week were supplying the Bank of England with gold and dollars with which to shore up the pound. But the only thing that could strengthen the pound permanently would be a spurt in Britain's industrial growth rate-currently among the lowest in Western Europe. Said Selwyn Lloyd: "For national economic survival, we must grow . . . We must see to it that wages, salaries and other incomes remain within the limits justified by increased productivity...
...long journeys may drive astronauts dotty, Whirlpool last week was busy testing a space kitchen designed to serve Swiss steak, baked ham, filet of sole, cakes, cookies and other goodies out of gleaming bins and refrigerators. There will be three electric ovens; from nozzles hot and cold water will spurt into collapsible tubes containing dehydrated coffee or fruit juice, so that the weightless spacemen can drink by squeezing the liquids into their mouths. Built under Air Force contract, the Space Kitchen weighs 818 lbs., of which only 236 lbs. is food. But as of now, there is no rocket...
...Psychiatric Association in Chicago, held separately from the psychoanalysts', 2,000 psychiatrists last week heard that since New York began intensive drug treatment with ataractics in 1956. the number of patients in its state mental hospitals has dropped by more than 4,000 (despite a 500,000 population spurt). Admissions, including readmissions, are up 5,000 a year, but discharges are up by 8,000. Dr. Henry Brill predicted that New York's mental-hospital population would drop another 5,000, perhaps even 15,000, by 1970-which only six years ago would have been regarded...
...about $2 billion, providing a solid lift for the economy. But that turnaround would not be as great as in 1958, when the inventory rate swung from minus $7 billion in the first quarter to plus $3 billion in the fourth. Nor do economists look for any strong spurt in housing starts, which have helped pave the way for all previous postwar recoveries...