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...Economist Sumner Slichter, who says: "It will be six months before the economy shows much pep." They think the recession will reach bottom soon, may be there even now. Then, say economists, it will rock along on a relatively even keel for six months or more before turning gradually upward in 1958's final quarter...

Author: /time Magazine | Title: STATE OF BUSINESS: The Morning After | 3/24/1958 | See Source »

...prices. General Electric Co. dropped "Fair Trade" pricefixing on small appliances, and rival manufacturers promptly followed along (see BUSINESS). That much-mourned casualty of inflation, the 5? cup of coffee, made a comeback in Los Angeles restaurants. The Bureau of Labor Statistics announced that its consumer price index crept upward again in January, but the increase was largely the result of Florida's disastrous winter, which sharply upped fruit and vegetable prices. And the index only faintly reflected the discounts, trade-in allowances and bargain sales that have lately been trimming actual prices to consumers...

Author: /time Magazine | Title: THE ECONOMY: Silver Threads Among the Grey | 3/10/1958 | See Source »

...movie deals with an innocent country girl who finds she is pregnant by a pilot. The pilot is off at war, and his nasty bourgeois parents refuse to acknowledge the child. Then the pilot is reported dead; from this point, things take an upward turn, and it develops that the pilot is not dead after all. Pilot and parents come to ask for the girl's hand and reparer, if memory serves, notre mauvaise action. Everything turns out better than anyone would have dared dream...

Author: By Daniel Field, | Title: The Well-Digger's Daughter | 3/4/1958 | See Source »

...flight instruments, and his object will be to meet the atmosphere at a very low angle to minimize speed and heating. The temperature of some parts of the structure is expected to reach 1,000° F. If the temperature rises too high, the pilot may point the nose upward to get into thinner air and let the ship cool off. Gradually the X-15 will lose both speed and altitude. When it has lost enough of both, the pilot will ease it down to a skid landing at Edwards Air Force Base, Calif., 485 miles from Wendover...

Author: /time Magazine | Title: Science: Into Space with the X-15 | 3/3/1958 | See Source »

Chuck and George decide to take it on the lam from lamaland. On a brilliantly starlit night, the technicians descend by donkeyback to the foot of the high Himalayas. "Wonder if the computer's finished its run," muses George. "It was due about now." Both men gaze upward and continue to do so, for "overhead, without any fuss, the stars were going...

Author: /time Magazine | Title: Books: Captain Vertigo | 2/17/1958 | See Source »

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