Word: leveling
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1950
Sort By: most recent first
(reverse)
...does not imply creation of a superstate, but only of special institutions in a restricted field." Next, for the benefit of the equality-conscious Germans, Schuman said: "No discrimination will be made between the participating powers." (It was reported that France now agreed to German troops at the regimental level.) The Assembly gave Schuman an ovation; by a heavy majority, it voted for a European army with German participation...
...Within five years Belgian coal production will decline from 28 million to 23 million tons; owners of doomed mines will be compensated from an "equalization fund" contributed mainly by France and Germany; and the Belgian coal price, now 55% higher than the German, will fall to the single market level...
...began, President Truman, in a chesty mood, told Congress that in five more years the U.S. might well be turning out $300 billion worth of goods and services, as against the January 1950 level of $253.8 billion. But the U.S. economy was growing faster than even the President dreamed. Last week the Commerce Department reported that the gross national product had soared to an annual rate of $284.3 billion in the third quarter...
There was an abnormally large number of questions from the audience, since the four speakers generally confined their answers to the theoretical level, and did not disagree on any of the issues which were brought...
There is nothing new about the current cry for austerity and controls, said Johnson. When World War II began, he recalled, the economic crepehangers advocated cutting civilian goods and services back from the 1940 level of $72 billion to the $56 billion of the worst depression year. But what actually happened was that the U.S. stepped up its production enough to produce $100 billion of war goods and services in 1944 plus $112 billion for civilian consumption. After that, the U.S. standard of living rose steadily...