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Actually, few economists think it possible for the economy to keep rising with the same speed of 1955. But though the U.S. may rest to digest what it has already produced-and the breather may stir up cries of "recession"-the forecasts for 1956 are impressive by any standard. For 1956, Administration economists predict a total G.N.P. of $403 billion, 4% higher than 1955. Personal income is expected to jump to around $310 billion, about half the 1955 advance, while savings hold steady at the 1955 rate. Though industrial production will not equal igss's 11 % jump...

Author: /time Magazine | Title: Business: Business, Jan. 9, 1956 | 1/9/1956 | See Source »

Four years ago, Finance Minister Ezio Vanoni created a stir by requiring all Italians to make out annual tax returns. Roberto Tremelloni, Finance Minister in the Scelba government, went even further. Tremelloni introduced a bill which would for the first time 1) require an oath in making out. returns, and 2) exact penalties for defrauding the government. His bill got nowhere. Not only was it resisted by Neo-Fascists and Monarchists, but it was repellent to the big-money backers of the ruling Christian Democrats. The bill languished in committee until one day last month, when Fellow Traveler Pietro Nenni...

Author: /time Magazine | Title: ITALY: The Horror of Taxes | 1/2/1956 | See Source »

...suede, the whole incongruously teamed with pigskin gloves, a pearl necklace. Polled for their views, the fashion experts, all insisting on anonymity, gasped politely at Margaret's rebellion. Said one: "A strange blend." Another: "It's daring ..." A third: "Extraordinary, to say the least ..." Oblivious to the stir she was making, Margaret was aces at the races, picked two winners...

Author: /time Magazine | Title: People, Jan. 2, 1956 | 1/2/1956 | See Source »

...stir up such mobs is to identify the Baghdad pact with the West, to identify the West with Israel, and then to stir up hatred of Israel...

Author: /time Magazine | Title: JORDAN: To Join or Not to Join | 12/26/1955 | See Source »

...hauls the suckers in. But Frankie is a man who carries "a 40-lb. monkey on [his] back," and the only way to knock the monkey off is to get a shot of joy in the main vein. He kicks the habit when he does a stretch in stir, and swears off cards, too, when he comes out; he has learned the drums in prison, and he has a chance to try out with a commercial band. But Schwiefka (Robert Strauss) is not letting go, and neither is Frankie's wife (Eleanor Parker), a demented leech who is systematically...

Author: /time Magazine | Title: Cinema: The New Pictures, Dec. 26, 1955 | 12/26/1955 | See Source »

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