Word: upswinging
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Wall Street bounced back last week from the August slump brought on by the first alarm over the Suez crisis and the Federal Reserve Board's damping down of credit (TIME, Sept. 3). As investors began to pay more heed to good news at home rather than bad news...
Fox feels bullish about the future of the soft-coal market, predicts an upswing in exports and domestic industrial demand.
Even beyond the shores of the U.S. the picture was brighter. There were clear indications that Communism is in deep trouble. But while the U.S. basked under a warm sun and enjoyed its moratorium on nagging worry, there were reminders that summer and its mood are never eternal. Neutralism continued...
After holding remarkably steady for nearly three years, the U.S. cost of living is once again at a record level. The Bureau of Labor Statistics reported last week that its Consumer Price Index (1947-49 = 100) jumped sharply (.4%) between April and May to match the alltime high of 115.4...
Despite the errors, the broad, long-term predictions have been far closer to target today than they were in the pre-World War II period. Major reason is the ever-increasing range and volume of information on the econ omy. As chairman of the President's Council of Economic...