Word: upwards
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...Chairman William McChesney Martin Jr. took the stand, and without even noting that Prosperity was beautiful, grimly defended the Administration's "tight money" policy as an indispensable weapon against inflation. With the economy booming, he explained again, demand for credit tends to outrun supply, so interest rates push upward. For the Government to try to hold the rates down would be to follow "the road to inflation." The oft-raised claim that tight money presses unfairly on small business and local government is "debatable," Martin argued. Furthermore, frustrated borrowers "would suffer infinitely more from further inflationary bites" than they...
...economists say there are hints that prices may be tapering off after their long upward climb, particularly in copper and scrap steel (see below). While FRB's cautious moneymen are not yet sure whether the ease is temporary, they are fully alert to the possibility that the worst may be over...
...pint-sized (4 ft. 10 in.) Experimentalist Kiesler, whose radical departures have landed him more commissions for models than buildings, the World House was the first opportunity in decades to see his continuous-flowing forms grow to lifesize. Inside the entrance, an aluminum-covered ceiling slopes upward toward a two-story interior patio with a white marble island surrounded by a jet-fed black glass pool. A glass-sided stairway leading to the second floor is supported at pinpoints on a white Alabama marble cantilever protruding from a structural steel pillar that swells and tapers below like one of Brancusi...
Where the Money Goes. Reflecting population growth and the increasing costliness of Atomic Age armaments, the last three Eisenhower budgets have trended upward, but economic growth has kept receipts sloping upward too. The forecast of a 1958 surplus assumes that the economy will go on booming this year, enough to bring in an added $3 billion in taxes...
...into one huge category: defense, including atomic energy and foreign military aid. The ending of the Korean war, along with increased adoption of nuclear weapons, made possible manpower cuts that reduced defense spending in 1954 and again in 1955, but then rising armament costs inevitably began pushing the total upward...