Word: walling
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Dates: during 1950-1959
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Wright eventually hopes for 1,000 couples, all faithfully recording intercourse on wall charts, all equipped with a contraceptive supply deemed sufficient for three months ("In case of emergency, just cable your name and address for a fresh consignment"). The venture's most useful aim is one never before achieved-nobody really knows the reliability of any of the more widely used contraceptives. "This is going to be an historical trial," Wright wrote happily to his guinea pigs last week. "It is probably too much to say that you will enjoy participating in it, but we hope it will...
From Washington, Wall Street and the nation's major industries came a surprisingly unanimous report last week: the pickup is moving much faster than expected. The recovery led to the coining of a new phrase to characterize the recession-the V recession-a sharp drop followed by sharp recovery (see chart...
...counted in the Federal Reserve Board's index of production has boosted output from the low of last spring. The Fed felt recovery had progressed far enough to permit two more of its district banks, Minneapolis and Chicago, to raise their discount rates from 1¾% to 2%. Wall Street snorted bullishly at these figures, at midweek sent Dow-Jones industrials to the year's high of 513.71, just 7.34 points off the alltime peak of April...
...Federal Reserve Board alowed a few more steps last week to tighten credit (see State of Business), more and more Wall Streeters wondered whether the FRB can control a new inflationary upsurge as well as it did during the 1955-57 boom. How widespread these doubts are was reflected in the stock market, where stock prices during the week rose to a new high for the year. Wall Street was highly skeptical about the power of the FRB because, in trying to control the new inflation it fears, the FRB is up against a big problem it did not have...
...bond market is still in the throes of a shake-out that Wall Streeters compare to the '29 crash in stocks. With the benefit of hindsight, bond experts lay the blame on Treasury Secretary Robert Anderson. Eager to stretch out the public debt, i.e., lengthen the maturing period of Government bonds, Anderson brought out medium and long-term bond issues in June, a poor time because the market was at the top of a speculative binge that had boosted the price of U.S. bonds (TIME, June 30). Many, gambling on a continued rise, bought the new bonds with nothing...