Word: moring
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Dates: during 1960-1960
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The nation's most pressing domestic economic problem-both immediate and long-range-is the rising rate of unemployment. Last week the immediate problem was starkly emphasized when the Labor Department added nine more major industrial areas to those with "substantial" unemployment, bringing the total to 51 of the...
The paradox about unemployment is that it is likely to get worse even when employment continues to hold up well. This week the Labor Department announced that employment declined 300,000 in November to 67.2 million, considerably less than the seasonal November decline of about 700,000 in the previous...
Rising Tide. The long-term worry is the fact that after each of the last two recessions the unemployment rate has never returned to its former lower levels. From a low unemployment rate of 2.6% during the Korean war, unemployment stuck at 4% after the 1954 recession, as the labor...
Companies use their foreign profits, plus depreciation funds stored up abroad and local borrowing, to finance most of their expansion abroad, thus do not further aggravate the dollar drain. General Motors, which will spend abroad 25% of the $1.25 billion it has set aside for expansion next year, calculates that...
This year some 3,000 U.S. companies will invest about $1.25 billion abroad v. $1.2 billion in 1959 and $1.1 billion in 1958. Altogether, U.S. private investment abroad amounts to about $30 billion, 50% more than U.S. Government investment abroad. While the pace of foreign investments has been stepped up...