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...suit crumples. The thinning blond hair is no longer so carefully brushed across the balding scalp, and every now & then he coughs chestily. He fidgets. His left hand rubs slowly over his cheeks, reaches for a handkerchief to wipe his plumpish fate. Or his right forefinger goes round and upward to scratch the top of his head...

Author: /time Magazine | Title: Foreign News: The New Tory | 4/5/1954 | See Source »

...This is less than the level accepted as "normal" during the last eight years. Ford and General Motors are both employing more men today than a year ago. Chrysler employment is down (as is Studebaker at South Bend); Packard has been retooling. Auto sales have shown signs of an upward turn...

Author: /time Magazine | Title: THE ECONOMY: Unemployment Uproar | 2/22/1954 | See Source »

...current shift in the economy continues to follow the pattern of 1949-50, the forecasters of an upturn in employment will be right. After that slump the economy turned comfortably upward in early 1950, before the Korean war shot it out of bounds by creating labor shortage and inflation...

Author: /time Magazine | Title: THE ECONOMY: Unemployment Uproar | 2/22/1954 | See Source »

COTTON textile prices may start upward soon, says W. Ray Bell, president of the Association of Cotton Textile Merchants of New York, who thinks three years of recession have shaken down the industry to a firm footing. Production forecast for 1954: 10 billion yards of woven goods, just a shade under last year's peacetime record...

Author: /time Magazine | Title: Time Clock, Feb. 22, 1954 | 2/22/1954 | See Source »

...putting the emphasis there now is that it takes longer for industry to respond to such incentives than it takes a consumer to respond to a tax cut that puts money in his pocket immediately. This is particularly true in today's economy, in which it often costs upward of $30,000 in plant and equipment to create a new job. Furthermore, if more personal income-tax cuts are needed to increase consumption, they can be enacted fast. Said Vermont's Republican Senator Ralph Flanders: "We had nearly seven years of experience with endeavoring to solve the problem...

Author: /time Magazine | Title: Business: Helping the Goose Lay Golden Eggs | 2/22/1954 | See Source »

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