How Slump Stacks Up to Postwar Recessions
AP analysis compares the current 1957-58 downturn with 1948-49 and 1953-54, noting steeper drops in industrial production and GDP, higher unemployment, and altered consumer and government spending patterns, while warning the path to recovery may differ due to these shifts. It details declines in production, GDP, and personal income, with unemployment rising to over 5 million and consumer spending down from peak levels.
MENTIONED IN THIS ARTICLE
San
Asl
Mike Wallace reshapes image as a probing TV interviewer
A changed Mike Wallace debuts a meaty AB C TV program that probes American society through discussions with Reinhold Niebuhr Cyrus Eaton William Douglas and Aldous Huxley. He rejects the Peck’s Bad Boy label, aiming for ideas over sensationalism and reflects on past interviews and sponsor ties.
MENTIONED IN THIS ARTICLE
Charles Mercer
New York
Mike Wallace
Wallace
Peck
Lord Faunteroy
Fund For the Republic
Reinhold Niebuhr
Industrieist
Cyrus S. Eaton
Supreme Court
William ©. Douglas
Aldous Huxley
Iteas
Wallace on ABC Contract and Television Ideas
Wallace discusses audience ratings and his ABC contract dating through May 1, 1959. He notes plans for a diverse, stimulating program focusing on public affairs, and weighs the appeal of personal versus news oriented series amid viewer expectations.
MENTIONED IN THIS ARTICLE
Wallace
George V. Allen
U. S. Information Agency
ABC
Ralber
Novels for Teens Available at Library for May Loans
The public library adds a May display of teen titles with a 2 week loan. Notable entries include Schoolboy Johnson by Tunis and Stars Are Ours by Norton among others by Shirreffs Norton Williams Tatham White Means Sherburne Norris Tunis Williamson Wyndham Furngren Trease Summers Summers and Metropolis.
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Public Library
iSherburne
Speare
The
Nelson
Glory of God
iNorris
Tunis
Williamson
Lady Architect
Wyndham
Furngren
Hadrian
Trease
Summers
ABC
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