Word: setbacks
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...result has been a jolting setback in the struggle toward a better life. By and large, the workers and middle classes of Argentina, Chile, Bolivia and Brazil live worse than they did ten years ago. And of all the nations of the world, they are among the least able to afford economic setbacks. Reason: their populations increase 2 14% annually, twice the world average; they must run twice as fast just to stand still...
...years, Canada's gross national product is beginning to falter. G.N.P. for the second quarter of 1957 was just even with the first-quarter rate in dollars (but down a fraction in real terms), and government economists think third-quarter figures will show a further fractional setback. The leveling off of Canada's long-lived boom last week sent jitters from Toronto's Bay Street to Alberta's unseasonably snowbound prairies...
...Forbes has a double goal: long-range, the Princeton graduate ('41) and publisher (Forbes business magazine) would like to be President too. But shortrange, his victory would go a long way toward offsetting recent losses of G.O.P. governorships in Maine, Kansas, Iowa and Pennsylvania and the resounding Republican setback in Wisconsin's Senate election...
...Dwight Eisenhower, the past few months have brought one setback after another for his program (at the hands of Congress) and his party (at the hands of the Wisconsin electorate). Last week, at his final Washington news conference before he flew off to a long-awaited vacation at Newport, R.I., the President was asked -again-if he regretted running for a second term. His answer was a characteristic bit of Eisenhower philosophy...
...nation's products and raw materials. Last week the railroads were caught in a dangerous vise, whose jaws were both inflation and deflation, whose effects make a case study for economists. From the headquarters of roads from Boston to San Francisco came gloomy news of a sharp setback in earnings: a 40% decline for the Pennsylvania, the nation's largest railroad, a 60% nose dive for the New York Central, 15% for the Santa Fe, 25% for the Rock Island, 11% for the Boston & Maine. All told, said the Association of American Railroads, railroad profits for the first...