Word: chartes
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Putting their fingers to the wind, after first running their eyes up and down the latest charts, Government economists last week set the date when they expect the recovering economy to regain its former peak: the end of August. If their calculations are right, the recovery would be one of the swiftest in recent U.S. history, following a recession that already ranks (in percentage of decline) as the mildest. Measured by the Federal Reserve Board index of industrial production, recoveries to pre-recession highs since 1919 have taken between five months and 17 months (see chart). If the present recession...
...Committee suggested that the C.P.I, be broadened to include buying by single people as well as by families-a move already underway-and by rural non-farm families. It would also like to see the index made more sensitive by assigning new percentage weights to goods and services (see chart) as consumer buying patterns change...
Stock selling to meet tax payments usually checks the market at this time of year. But it failed to affect it last week. The volume of trading, which has been steadily rising (see chart), remained at near-record levels. On three days last week, more than 5,000,000 shares were bought and sold on the New York Stock Exchange. The trading was among the broadest in the exchange's 168-year history, with shares in 85% of the listed issues changing hands daily...
...Corrupters, NBC's Cain's 100, CBS's The Defenders. The next season will be the bloodiest ever: of 73½ hours of prime evening time, the three networks already have tentatively budgeted 30½ to oaters, private eyes and "action-adventure" series (see chart...
...rose by 36% during the first nine months of 1960, new U.S. private investment* in Latin America for all of 1960 is estimated at less than half of what the U.S. invested during 1959, only about one-sixth of what it ventured in the peak year of 1957 (see chart...