Word: year
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Dates: during 1950-1959
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ANOTHER innovation in TIME this week is the global year-end review of business. Research for it came from 75 on-the-spot reports from staff correspondents and stringers around the entire world. In past years the review has largely concentrated on the U.S. economy. In 1959 it was apparent that the most interesting economic story of the year was the vast spread of U.S. ideas and U.S. methods to the world, not only to the already industrialized nations of Europe, but also to scores of underdeveloped lands just beginning the long march to prosperity...
...Tokyo bureau added the story of Japan's striking progress, while the Hong Kong bureau analyzed the trials, tribulations and triumphs of Southeast Asia. As other reports poured in from Latin America, Africa, the Middle East, and TIME'S domestic bureaus, they added up to a year in which free-enterprise capitalism was on the march throughout the world-a thrusting, competitive capitalism that poses challenging questions for the U.S. in the 19603. As France's Jean Monnet, sparkplug of European economic unification, said near the end of 1959: "There is now a new force in world...
Last week Republicanism won. In a heavy turnout for an odd-year election, the voters of the Fourth District gave the Republican candidate, John Kyi, 40, their approval by a solid 2,532 plurality over his Democratic rival, C. (for Charles) Edwin Gilmour, 41. The election fascinated politicos for two reasons: 1) the Fourth District, with a large population of corn-hog farmers and smaller but important groups of factory workers and merchants, is a good litmus for testing the trends of the Farm Belt; 2) only a year ago the district sent the first Democrat in its history...
Economic Growth: The U.S. should strive to attain an economic growth rate of 6% a year instead of the past decade's average of 3% a year. So far, Rockefeller has not explained just how that 6% goal might be reached...
Turnabout. White Wednesday was a good day for Ezra Taft Benson, who has had many bad days in the past seven years (and will doubtless have plenty of them in the year ahead). Home from the hospital, he pored happily over the news from Iowa. Out in Chicago at its yearly convention, the staunchly Republican, 1,400,000-member American Farm Bureau Federation unanimously adopted a pro-Benson wheat plan that calls for lowering the support price from the present $1.77 a bushel under acreage controls to about $1.30 with no controls-a "lowering" that could well bring...