Word: upturning
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Speaking informally before the Dunster House Forum, he stated that the economy should "run the risk of a future inflationary upturn" in order to halt the far more dangerous problem of depression. The United States economy, with a potential gross national product of about $450 billion can well support a deficit as high as $10 billion, he asserted...
...President's hope that the economy has just about stopped slipping. New claims for unemployment compensation, the department reported, edged downward for the second week in a row, reaching a 1958 low of 404,500 in the third week of March. Another hopeful sign was an upturn in machine-tool orders, considered an important economic indicator. And one major segment of the economy was enjoying a springtime bloom of prosperity: the Agriculture Department announced that farm prices rose 4% from February to March, with livestock, fruit, potatoes and eggs leading the way. It was the third consecutive monthly rise...
...fling at Hollywood again (26 frustrating weeks under a writer's contract), but began to hit his stride on Hallmark with his adaptations of Cradle Song and The Lark. But Little Moon, exuberantly greeted by most U.S. TV critics last week, seemed to mark a big upturn in Costigan's career. In it he grappled compassionately with "those forces in life that make it difficult or impossible," qualified as the kind of writer once described by Pascal in a line that Costigan likes to quote: ''I most admire those writers who tell with tears in their...
...Panicked. These were measures that might help tide the economy over until the upturn the President hopes for later this spring. But the President stands firm against a drastic antirecession tax cut before then. Said he in his speech to the Republican women: "This Administration is not going to be panicked by alarmists into activities that could actually make those hardships not temporary, but chronic...
...Paper's Chairman Roy K. Ferguson, while noting that net sales were down 8% to 10% so far this year, reported that customers were beginning to ask for immediate delivery, a sure sign that "inventory reductions are nearing the point where we should feel the impact of an upturn by not later than midyear." As for steel, which so far has borne much of the brunt of the recession. President Avery C. Adams, of Jones & Laughlin Steel Corp., No. 4 in the industry, announced that J. & L.'s orders climbed slightly during the first twelve days of March...