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...another flight the X-15, probably with Crossfield at the controls, will be dropped to glide without power to earth. Then will come the first tentative powered flights, using only a fraction of the engine's 50,000-lb. thrust. Finally the X-15 will point almost vertically upward and climb like a missile until it leaves nearly all of the atmosphere behind. It may rise 150 miles traveling at Mach 4. If it returns from this jaunt with its wings unmelted and its pilot alive, the door to true space flight will be open at least a crack...

Author: /time Magazine | Title: Science: First Lift-Off | 3/23/1959 | See Source »

...overtime than to add others. For evidence, the Labor Department points out that from January 1958 to January 1959, the number of production workers employed in U.S. industry actually declined by 1.7%, while the number of production man-hours rose by 1.3% as the average industrial work week edged upward from 38.7 hours...

Author: /time Magazine | Title: THE ECONOMY: Unemployment: Rosy Pink | 3/16/1959 | See Source »

Some advocates of forced-draft growth dismiss the Administration's worries about price upcreep, argue that "mild" inflation does no harm. Harvard's Professor Emeritus Alvin Hansen, grand old man of the a-little-inflation-never-hurt-anybody school, points out that prices edged upward at an average rate of 2⅓ a year over the past 60 years, while the U.S. was achieving history's most remarkable record of economic growth...

Author: /time Magazine | Title: National Affairs: BATTLE BEHIND THE BUDGET BATTLE | 3/16/1959 | See Source »

...Business' tendency to eliminate price competition, set profitable "administered prices," and restrict cornpetition to quality, styling, service, etc. The combined result, says Burns, is that instead of slipping downward when demand declines, prices tend to hold steady during economic downturns, or even go on creeping upward...

Author: /time Magazine | Title: National Affairs: BATTLE BEHIND THE BUDGET BATTLE | 3/16/1959 | See Source »

...momentous change. In the old days individual economic decisions had to take into account that price upcreep would be followed by a price shakeout. But today it is tempting to assume that there will be no more price shakeouts, that prices will go right on edging upward...

Author: /time Magazine | Title: National Affairs: BATTLE BEHIND THE BUDGET BATTLE | 3/16/1959 | See Source »

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