Word: upswinging
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Drifting down the rivers from the hills come logs rigged with paper sails that bear Viet Cong propaganda messages to the U.S. Marines. More leaflets are strewn among the American dead on battlefields. All plug the same hard-sell theme: refuse to fight, desert to the Viet Cong. But lately...
Administration to believe that the outlook for business is undeniably bullish. ∙INDUSTRIAL PRODUCTION. Like most of the indicators, once lackluster industrial production is joining the general upswing. Having slumped from its December peak of 159 (based on the 1957-59 standard of 100), the index for output in July...
Even as the indicators pointed toward resurgence, there was talk of tempering the upswing to avoid inflation. Prices generally have been rising, and last week Bethlehem Steel Corp. announced that it was hiking the base price of hot-rolled carbon and high-strength plate by $4 a ton. The specter...
Now candor seems to be replacing cant, and the picture should soon come more clearly into focus for Hanoi. "The enemy is only going to respond to pressure," Westmoreland told an interviewer before leaving for Saigon. "Once he realizes that we're no pushover, that his country is being...
Ackley and the Administration could take credit for part of the turnaround. Faced with unmistakable signs of recession, the Administration in the past months has shoveled funds into mort gages and freed money to speed federal construction programs. The Federal Reserve Board, meanwhile, cut the discount rate and has generally...