Word: upwards
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...told the newsmen last week, indicated that the "bottom" of the recession "is certainly close, or possibly even now reached." Sticking to the position he has taken all along, the President said that he would recommend tax cuts if they seemed "desirable," but that, with federal spending headed upward, "this is not something to do lightly...
Still confident that the U.S. economy will soon turn upward, still determined to avoid desperation moves that might bring on a red-ink torrent for years to come, President Eisenhower was nonetheless deeply concerned about the human dislocations of the recession...
While most economic indexes were, unhappily, edging downward, the cost of living, just as unhappily, was still edging upward. Last week the Bureau of Labor Statistics reported that the consumer price index went up 0.2% during February to a new inflation high of 122.5 (vindex of 100 in 1947-49). Sharpest rise in the recession month's inflation was the advance of 0.4% in food prices, caused mostly by fresh fruit and vegetable shortages after the harsh winter freeze in Florida and the Deep South. Food prices are not likely to head downward, said the Bureau of Labor Statistics...
Shoulder to shoulder in Denver's Shirley Savoy Hotel last week sat 1,200 farmers, farm wives, farm economists and farm politicians, gathered in biennial convention to 1) urge federal farm subsidies ever onward and upward, 2) call for the scalp of Republican Agriculture Secretary Ezra Taft Benson-and 3) elect onetime Typewriter Salesman James G. Patton, 55, to his 13th consecutive term as president of the liberal National Farmers Union. Cried Jim Patton, sounding the N.F.U.'s anti-Administration theme: "Our patience has been imposed upon by those in power chiseling away at nearly every program farmers...
...basing of atomic weapons on Okinawa. It favors return of Okinawa to Japan, but for the moment the steam seems to have leaked out of that issue. Major Socialist demand: that the U.S. pay for all land requisitioned by the military with monthly rentals (which can be adjusted upward) instead of a one-shot, lump-sum payment. If their demands are not met, the Socialists can point to a disquieting fact: the Red-led Minren, despite their poor harvest of seats, polled 28% of the total vote-a higher total than any other party...