Word: sharpest
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...decades, farm-bloc politicians have bid for higher and higher farm subsidies, claiming that economic depressions are "farm-led and farm-fed." Last week the U.S. saw the old cliche working precisely in reverse. Leading and feeding the recovery from recession was the sharpest rise in farm income since 1947, the greatest ever without a war. At the end of the second quarter of 1958, farm income had jumped to a seasonally adjusted rate of $13.8 billion annually, a solid $1 billion more than the rate for the previous three months-and a fantastic $3.1 billion more than...
...months European businessmen congratulated themselves on how sturdily their economies were weathering the sharpest U.S. recession since World War II. Now there are signs that Europeans themselves have something to be concerned about. By last week talk of a downturn in European business, hushed when Europe's boom refused to bust even during the U.S.'s greyest months, broke out in loud tones. In Rome, officials of the U.N.'s Food and Agriculture Organization warned that the price bottom might drop out of Europe's agricultural market this fall, and in London Britain's cautious...
...ideology. We must free them for the politics of free men." Wealthy Monarchist Achille Lauro (TIME, Dec. 30), whose campaign caravan includes two lion cubs, is dismissed by Malagodi with the private comment: "He may travel with lions, but he has asses for candidates." Some of Malagodi's sharpest blows have been struck at the Christian Democrats, whose stand on church v. state has become a hot political issue since the trial of the Bishop of Prato (TIME, March 10). Malagodi points out that the Liberals are Catholics themselves, but "believe that religion is menaced only by those...
...Eisenhower Administration's sharpest behind-the-scenes split on cold-war strategy broke unmistakably into public view last week. The issue: whether the U.S. ought to suspend its nuclear-weapons tests if there should be a U.S.-U.S.S.R. agreement on inspection. The battleground: Democrat Hubert Humphrey's Senate Foreign Relations Subcommittee on Disarmament. The principal contenders: on one side. H-bomb Pioneer Edward Teller and Atomic Energy Commission Chairman Lewis Strauss; on the other, Columbia University Physicist Jay Orear and the President's new disarmament adviser, Hans Bethe...
...most economic indexes were, unhappily, edging downward, the cost of living, just as unhappily, was still edging upward. Last week the Bureau of Labor Statistics reported that the consumer price index went up 0.2% during February to a new inflation high of 122.5 (vindex of 100 in 1947-49). Sharpest rise in the recession month's inflation was the advance of 0.4% in food prices, caused mostly by fresh fruit and vegetable shortages after the harsh winter freeze in Florida and the Deep South. Food prices are not likely to head downward, said the Bureau of Labor Statistics, until...