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Soft Demand, Hard Competition. Missing in the 1961 rebound are the two classic causes of inflation: peak demand and pinched supply. Gone are the shortages of housing or steel that characterized the recoveries of 1949 and 1955, and the big bulges in capital spending that contributed to the price spiral of 1955. This year, manufacturers are operating some 20% below capacity, largely because they added so much capacity in the recent past. And cautious consumers still have their purse strings tied, partly out of persistent fear of unemployment. This apprehension has also moderated the "cost-push" pressures of rising wages...
Today, the CRIMSON is well off financially, and probably at its journalistic and technical peak. It is one of the few college dailies to withstand the strain of a six-day week, and looks forward to remaining vigorous...
...Logan, at 19,850 feet the second highest peak in North America, is part of the St. Elias Range in the Northwest corner of the Canadian Yukon. The group set out to conquer two of the mountain's three peaks--the East Peak and the main central summit...
...they never affect the whole earth in the same way at the same time. Bowen was more intrigued by the streams of meteors that the earth passes through on regular schedule. When he looked up the dates of known meteor showers, he found that they seemed to precede every peak of heavy rainfall on his charts. The prominent rain peak on Jan. 12 came 30 days after the Geminid meteor shower of Dec. 13. Other rain peaks came at about the same interval after other meteor showers. The explanation, said Bowen, was clear: meteor showers seed...
...pattern, profits are climbing about $1 for every $3 increase in the gross national product. If the G.N.P. scores its expected $10 billion gain this quarter, profits should move up $3 billion to $48.5 billion and rise even higher in the final quarter of 1961. Recalling the alltime profits peak of $50 billion in 1959, Secretary Hodges ebulliently declared: "I would not be surprised if they reached or exceeded that level some time this year...