Word: week
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Dates: during 1950-1959
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...Last week, back at his base in Rio, De Carvalho dutifully reported on the former U.S. army colonel who calls the Amazon city of Belém "better than ten New Yorks put together," and on the doctor who said that the town of Manaus "is really a fine place to live-all it takes is some psychological adjustment." As for his own views, Correspondent de Carvalho left the clear impression that he felt both the cities and the jungle around them were interesting places to visit, but he would not care to live there...
...winter's first freezing storms blew eastward last week down the Rocky Mountain slopes, whipped snow flurries across the Great Plains wheatlands, swirled into the Midwest's corn-hog belt. Farmers, their 1959 row crops in, and a little leisure time at hand, began to talk among themselves, on street corners, in grange halls, in bunking rooms, in the circles around the stockyard stoves. As always, the talk was about how hard it is to make a dollar. But this year the talk had the extra heat and urgency that come with falling farm prices. Farm-belt politicians...
...overall measure of farmer unrest was totted up in dollars and cents last week by the U.S. Agriculture Department: primarily because of a drop in hog and chicken prices, total farm income fell much faster in 1959 than predicted only a month ago, will fall 15% below 1958 to about $11.2 billion, and will probably slide another 7% or more...
...abolished acreage controls, lowered price props toward the level set by the market (support price: $1.12 per bu.). But instead of cutting surplus production, as Benson unswervingly predicted, the no-control formula encouraged farmers to raise a bumper crop. And, as Benson's own department admitted last week, it swamped by 600 million bushels the previous all-time corn record set in 1958. Reason: farmers boosted production to make up for lower prices. Result: more corn to add to the $9 billion Government-stored crop surplus. In 1960 the taxpayers of the U.S. will pay out $1 billion...
Professing to be unshaken by the surplus corn, ailing (gall bladder) Ezra Benson last week got President Eisenhower's approval for the legislative proposals he will make to Congress early next year. Chief aim: to extend to wheat the same program that failed in corn, abolish acreage controls while lowering price supports from $1.77 to $1.40 per bu. Because the plan links support prices to the average market prices for the preceding three years (abandoning the old parity ratio based on 1910-14 figures), the Benson program will admittedly lead to a gradual downstep of prices each year. Benson...