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After two years of upcreep, the Federal Government's consumer price index leveled out last summer, even slipped downward a little in August under the delayed drag of the recession. Last week the Bureau of Labor Statistics announced that in October the ups and downs averaged out and the index held steady for the second month in a row at the August level of 123.7 (the 1947-49 average = 100). Up: new cars, women's and girls' clothing, rents, medical care, cooking gas, fresh vegetables, beef, milk. Down: house furnishings, men's and boys' clothing...

Author: /time Magazine | Title: THE ECONOMY: On the Level | 12/8/1958 | See Source »

...economy's upward surge will push federal income in fiscal 1960 to an alltime record of $75 billion, a deficit of more than $4 billion still looms if spending stays at this year's level of $79.2 billion. And the pressures on spending are upward, not downward: the fantastically elaborate military hardware of the missile age keeps getting costlier, each international crisis makes defense cuts harder, and demand for Government services keeps spreading...

Author: /time Magazine | Title: THE BUDGET: Drive Against the Deficit | 12/1/1958 | See Source »

...Ford station wagon. Two sheriff's deputies, on duty at the plant, spotted the two cars pulling away, decided to go after them. Half a mile away, the deputies came across Dugan's parked car. Nearby, they found Dugan's body, sprawled face downward beside a brook. He had been shot in the back. As police reconstructed the shooting, Dugan, unarmed this time, ran away when White drew his pistol, and White pursued him, firing his seven-shot .32 automatic until it was empty...

Author: /time Magazine | Title: CRIME: The Paths That Crossed | 11/24/1958 | See Source »

...four pairs of small jets pointing up, down, left and right (see diagram). When the pilot wants to depress the nose of his craft in near-airless space, he will shoot superheated steam (produced by catalyzed hydrogen peroxide) through the upward-pointing jets. The reaction will push the nose downward. Similar jets in the wingtips will keep the wings level or make the ship bank or roll...

Author: /time Magazine | Title: Science: Red-Hot X-15 | 10/27/1958 | See Source »

...Eugene O'Neill's projected eleven-play cycle that were not torn up. Originally intended to introduce the whole family chronicle, Poet takes place in 1828 in a tavern near Boston. Here, as elsewhere, O'Neill dramatizes in the agitated course of a day the downward course of a lifetime. As elsewhere too, O'Neill tells of one whose life would crumble but for his dreams and whose dreams themselves fall apart at last. And as so often in O'Neill, Poet has centripetal force and centrifugal wastefulness, giant strength and giant sprawl, sure theatrical...

Author: /time Magazine | Title: The Theater: New Play in Manhattan, Oct. 13, 1958 | 10/13/1958 | See Source »

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