Word: cautiously
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Dates: during 1950-1959
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...makers, many of whom reported record first-quarter profits (see Earnings). The U.S. consumer's personal income had dropped hardly at all. The annual rate of $341.4 billion in March was down only $300 million from February and was $1.2 billion higher than last year. But consumers were cautious. Retail sales of $15.4 billion for the month of March were down, though only 1% v. a 4% drop the month before...
Paul A. Samuelson, professor of Economics at M.I.T., last night urged immediate government action to curb the present recession. In so doing, he leveled an attack at the administration, President Eisenhower in particular, for its over-cautious stand in the current crisis...
President Eliot's cautious humanism was not so unrealistic, says Bartley, as the "latterday optimism" of President Pusey, which expects help "from only one kind of contemporary thinker: the flashy existentialist or teutonic theologian who ministers to the 'Big Questions' with big answers and bigger 'systems.' " Harvard is in a worse way, says Bartley, since "it has become forward to look backward and to call perverse those dry and analytical philosophers who deflate the wind bags of our time instead of blowing up more themselves...
...weel.' and decided to give her a vaccine to keep her quiet." He had a vaccine prepared from her saliva, told her it was being given only to prove its uselessness. Yet on weekly injections all one winter, she had no cold. Coincidence, snorted the scientifically cautious doctor. Repeat tests with other pesky patients did not shake Dr. Ritchie until he had run up a score of 60 or 70 over 20 years. Then he began to think there might be something to the vaccines, after...
Another indication that consumers were growing cautious came from an FRB report that installment buying dipped $435 million in February. Much of the decline was due to badly slumping February auto sales, when poor weather kept buyers out of the showrooms. With the push of hard selling (see Autos), sales were on the rise in March. But new-car inventories of 887,000 were so high that carmakers were not planning to step up production. Ward's Reports counted March production at 357,000 cars, predicted the same rate through the April-June quarter...