Word: rated
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Dates: during 1960-1960
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...base for the healthy retail sales record was easy to see: the Commerce Department reported that personal income in November held steady at the annual rate of $409,500,000,000-a record high...
Though department stores were worried about Christmas sales, total retail sales held virtually steady for November at a seasonally adjusted $18.6 billion-down only $100 million from October, which rang up the second highest monthly rate in history. Durable-goods sales declined 2% from October, but the losses were partially offset by gains of food stores, restaurants and clothiers. Moreover, the Commerce Department cheerily predicted a sharp rise for December (see chart...
...continued slide in steel production -down to 48.7% of capacity from 49% the previous week-last week brought an overdue change in the way the industry will announce its output. The steelmakers, who have been worried that the rate of capacity figure is not only discouraging these days but does not give an accurate picture of the industry (TIME, Nov. 14), decided to drop it. Many steelmen feel that the capacity comparison has made steel production look worse than it actually is, since the most profitable rate of production is around 80% of capacity instead of 100%. Much...
Romney's is not the first made-in-Detroit rebate. In 1915 Henry Ford rebated $15.4 million to customers at the rate of $50 a car. The United Auto Workers union has suggested similar plans to automakers. Romney himself put one forth in 1957, but attached so many conditions that it never got started. This time, he says, he is going...
...industry has given Ireland's economy a big boost. After years of stagnation, the gross national product is now growing at an annual rate of 3.5%. Exports, which amounted to only $310 million in 1955, are expected to pass the $450 million mark this year. The increase in industrial exports has narrowed Ireland's trade gap from $271 million in 1955 to an anticipated $224 million for 1960. As the pace of industrialization quickens, the Irish hope to close the trade gap entirely...