Word: upwards
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...market was strong partly because many investors again see portents of inflation, and stocks are considered a sensible hedge. Also, there was economic news to balance the tax message. New factory orders and construction contracts are increasing, inventories are decreasing, and steel production took an upward turn. While reporting generally unimpressive first-half earnings, most executives have hastened to add that from their vantage point they think they see the up sign...
Racing across the flight deck, asbestos-coated fire crews sprayed everything in sight with foam and wrestled burning planes and 1,000-lb. bombs overboard. The destroyers Rupert us and Tucker steamed alongside with hoses trained upward. When the flames subsided, helicopters carried injured men off to nearby ships; one was the Oriskany, restored to Viet Nam service only two weeks earlier...
...Juice. As a government-owned counterpart of huge, foreign-flying Air France, Air Inter began operating in 1960 as France's first and only domestic airline. "Why bother?" asked many Frenchmen, accustomed to zipping along France's long, poplar-lined roads at Citroen speed-80 m.p.h. and upward. Air Inter soon proved why. Cramming passengers into mini-bucket seats, and serving only Le Figaro and fruit juice in flight, the line carried 16,000 passengers in its first year, passed 500,000 in 1964, reached 1,170,000 last year. It started with a handful of chartered planes...
...four important areas, new statistics gave further evidence last week that the U.S. economy is turning upward...
...enough cash to meet almost any demand on the federal treasury, Germany built up an ever more costly welfare system, propped up its inefficient agriculture and high-cost coal mines with vast subsidies. That spending spree, matched by consumers and fueled by galloping wage increases, kept prices moving steeply upward. When the alarmed Bundesbank stepped in with sharply higher interest rates, bank credit became so scarce and expensive that industrial expansion fell sharply, and some cautious manufacturers began shortening their work week. The ensuing downturn helped to topple Ludwig Erhard's government last year...