Word: turnabout
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Last week the Administration announced a new policy for increasing stockpiles. It was a turnabout from the policy laid down only five months ago. Then, the Office of Defense Mobilization had ordered a slowdown in stockpile purchases on the ground that the piles were about big enough. What had happened since November to cause the switch...
Local 301's turnabout was the result of increasing pressure on it. Tagged publicly with the Communist label, U.E. recently has lost out in almost every representation election held in new General Electric plants. Dissent and dissatisfaction with its party-line policies have spread among its own rank & file. Said one shop steward: "For years my friends have thought I was a Communist because 1 read the U.E. News." When six members of Local 301 refused to talk about their Red connections before the McCarthy committee last month, other members seized the moment to circulate petitions barring any such...
...TURNABOUT in farm prices in December (up 1.2% after a four-month drop) was due largely to unseasonally high hog prices. Normally, hog prices fall in December, the month of heaviest marketing, but this year hogs went to market earlier, keeping December shipments down and prices up. Market will probably stay firm until farmers bring in their big new hog crop next fall...
...first time since the Eisenhower Administration took office, the Treasury saw a chance last week to borrow money at cheaper interest rates. The opportunity was provided by a spectacular turnabout in the Government securities market, as investors briskly bid up prices, thus lowering proportionately the interest rate the Treasury will have to pay to finance new debts. For the first time since they were issued, the Government's new 3¼% 30-year bonds soared past 102, and 2½% Victory Loan bonds went up to 93 30/32, their best price since April. The upturn in the short-term...
...Turnabout. In Salina, Kans., George P. Kubach, 70, put his store up for sale in a newspaper ad because he was retiring to a farm, explained: ". . . For thirty years my place has been filled with farmers playing pool and drinking beer. What am I going to do on [my] farm? I am coming to town every day to play pool and drink beer. That's the life...