Recession Realities and Porter on Economic Outlook 1958
Sylvia Porter argues critics misjudge talk of recession and asserts downturn began after 1957 peak. She cites stimulants like defense spending, state and local outlays, homebuilding, and looser credit as signs the bottom may come by mid 1958. Unemployment is rising and production fell this fall with February likely worsening.
MENTIONED IN THIS ARTICLE
New York
John S. Coleman
U.S. Chamber of Commerce
Burroughs Corp
Louisville
Federal Reserve System
Grimmer 1957 58 recession ahead yet possible upturn
The speaker notes total earnings will fall but a 1958 downturn does not guarantee a bad year. After the holiday season retail sales drop and corporation earnings decline, signaling the recession's deep point may be near while an eventual upturn could begin by year end.
MENTIONED IN THIS ARTICLE
Prentice-Hall
Rest and Aspiration club motto stated in luncheon note
SAN DIEGO AP reports the Rest and Aspiration club whose 66 members meet monthly for luncheon adopted a motto: We don't aim at nothing, so, We can't hardly miss. The line reflects a humorous, self-deprecating attitude typical of small social clubs in the era.
MENTIONED IN THIS ARTICLE
SAN Diego
Two American Mothers Granted Permission to Visit Sons in China
Yonkers mother Ruth Redmond said she received a cable signed by Premier Chou from New Britain Connecticut confirming permission for a visit to her imprisoned son. Mary Downey also got notification from the Chinese Red Cross granting a visit.
MENTIONED IN THIS ARTICLE
Yonkers
N. Y
Red China
Ruth Redmond
Chou
New Britain
Conn
Mary Downey
Red Cross
Also Mentioned on This Page
Sylvia Porter
Coleman
Him
KODAK
Forst
Kodak Fony
Craemers
Craemer's
Red
China
By Jane Holly
Jane Holly
Night-Aire
Greer
Empire
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