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...from $521 billion to somewhere around $560 billion, an increase of 7%. The industrial production index should climb from its recession low of 102 in February last year to better than 120 by year's end. And forecasters have the comforting conviction that consumer prices will probably inch upward by only 1%, meaning that 1962's growth would be real rather than inflationary (see chart...

Author: /time Magazine | Title: State of Business: Good & Getting Better | 1/12/1962 | See Source »

...contingency fund. An electronics firm, doing unexpectedly well at year's end, decided to set aside 6% of sales income as what it calls a hedge against inventory adjustment. Fact was that in the waning weeks of 1961 and in the first week of 1962, indicators pointed upward more sharply than prognosticators, using their most recent but still lagging statistics, had anticipated...

Author: /time Magazine | Title: State of Business: Good & Getting Better | 1/12/1962 | See Source »

Sugar-Coated Pill. Vercors counterpoises Sylva's struggle upward with the sordid decline of Richwick's sometime girl friend into a drug-addicted, sexually perverted mindlessness. After a dash of degradation with her in London, Richwick escapes to come back home as a love-smitten Pygmalion to his Galatea-who turns out to be pregnant...

Author: /time Magazine | Title: Books: Fox into Lady | 1/12/1962 | See Source »

...British Purdey suddenly exploded. "It is a matter of little importance," shrugged the icy-veined old soldier, surveying his bleeding left hand. "Give me a handkerchief to tie it up." The Caudillo seemed unfazed by the fact that had he been sighting along the horizon instead of upward over his head, the explosion might well have caught him in the face. Less stoically, shaken aides hustled the protesting Generalissimo off to a Spanish air force hospital for his first in-patient treatment since 1916, when Riff rebels wounded him in the stomach in Spanish Morocco. At the hospital, Spain...

Author: /time Magazine | Title: People: Jan. 5, 1962 | 1/5/1962 | See Source »

...feared they meant higher interest rates and a consequent stifling of economic growth. But, as one Government economist noted last week, to assume that this recovery must produce increased interest rates because previous ones did so is to "substitute calendars for analysis." In the 1961 recovery, the most important upward pressures on interest rates are notably missing...

Author: /time Magazine | Title: Money: Abiding Interest | 12/22/1961 | See Source »

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