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...spoke for his program in Washington, De Lattre was impressive and persuasive. He speaks a fluent, heavily accented English, in words that sometimes trip over an English idiom. (Once, meaning to say "I point upward." he came out with, "I point my finger through the ceiling...

Author: /time Magazine | Title: THE NATIONS: The French MacArthur | 9/24/1951 | See Source »

Wall Street's big bull market was almost that automatic. For weeks it has been moving upward almost as regularly as an escalator. Last week, slowly, steadily, unspectacularly, it kept right on rising. With a gain of 2.17 points for the week. the Dow-Jones industrial average set a new 21-year-record high of 276.37. Moreover, the more stable New York Times and Herald Tribune averages likewise hit new bull-market peaks...

Author: /time Magazine | Title: WALL STREET: Playing With Blue Chips | 9/24/1951 | See Source »

Actually, said Wilson, in an open letter to "Mr. X," the escalator clause in G.M.'s contract is "neither inflationary nor deflationary. As a matter of fact, it tends to resist inflation to some extent since wages are only adjusted upward several months after the cost of living has increased...

Author: /time Magazine | Title: WAGES: Defense of the Escalator | 9/10/1951 | See Source »

...Johnston and his highly movable stabilizers let wages break through the original ceilings of last January. Congress, in turn, when it wrote its control bill, permitted manufacturers and farmers to boost prices to make up for increased labor costs. In last week's decision, Johnston gave the upward spiral another shove. On the basis of the present consumer's price index, all workers may demand an immediate 2% boost...

Author: /time Magazine | Title: THE ECONOMY: Wages Up | 8/27/1951 | See Source »

Justifications submitted by the military, for instance, made a stack of papers which "would extend, I should judge, some 24 inches upward from the table." Nor did the committee get much help from the White House or the Pentagon. "Budget estimates were not received from the President until the last day of April [the law says that they should be submitted to Congress in the first 15 days of its session...

Author: /time Magazine | Title: THE CONGRESS: Pig in a Poke | 8/20/1951 | See Source »

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