Word: boost
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...Bottom? When will the economy turn up again? At first the crystal-ball-gazers looked for an upturn starting at midyear. Now they have put the turn farther off, barring a tax cut that might give the U.S. a fast boost. Most economists agree with harvard Economist Sumner Slichter, who says: "It will be six months before the economy shows much pep." They think the recession will reach bottom soon, may be there even now. Then, say economists, it will rock along on a relatively even keel for six months or more before turning gradually upward...
...prices, not only because they say it would not improve business, but also because they face an automatic 7% wage increase next July 1; Detroit refuses to lower auto prices largely because it must renegotiate auto contracts this summer, expects that it will have to grant the U.A.W. a boost...
...temporary or permanent. Illinois' Democratic Senator Paul Douglas favors a temporary cut for six months or a year, with the termination date written into law. The argument for a temporary cut is that, though reinstatement of any cut might be necessary to fight inflation, no politicos would boost taxes with a presidential election coming up unless it were agreed on in advance. On the other hand, many economists and businessmen favor a tax reduction without any cutoff date, believe that a cut advertised as temporary beforehand might defeat its own purpose. Taxpayers might be reluctant to spend...
...does little to build up stars, gets them by raiding other agencies, even has a vice-president in charge of raiding. But moviemakers such as former M-G-M Head Dore Schary say that M.C.A. deserves its success because it works hardest for its clients, constantly plans deals to boost their salaries and its commissions. In 1943 Schary had a dispute with MGM, chucked his job as head of "B" pictures. His own agent advised him to go back to M-G-M because he could not get him another job. But M.C.A.'s Lew Wasserman (now president) took...
...Civil Aeronautics Board has been involved for more than a year in investigating a general passenger fare increase for domestic airlines. Even though the CAB knows that carriers must have an increase and has granted a 6.6% temporary boost, the hearings may go on for another year, at least, before a decision...