Economists Optimistic Despite Steel Slowdown in 1963
New York economists foresee continued economic strength into the fall despite a drop in steel orders and input after rainy weeks. Optimists cite solid consumer confidence, rising government expenditures, and high inventories as reasons to expect retail sales to rise modestly. Industrial output remains at record highs with five straight monthly gains, while construction stays robust and unemployment remains a concern but manageable.
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New York
Ap)h
Squeezed victory in twelfth trick on bridge column
Oswald Jacoby explains a complex South squeeze where only West can stop spades and only East can stop diamonds. South wins with spade ace, executes a long combinational play to force East and West to guard multiple suits, then makes eleven tricks. The column invites readers to learn the squeeze from Jacoby's book and poses a bidding puzzle about a three diamonds reply.
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Economic Outlook Highlights Government Spending and Tax Cuts
The text argues construction and government projects will bolster the economy as federal and local spending rises. Ample credit remains, long-term rates may stay favorable, and potential tax cuts for individuals and corporations could lift retail sales and spur expansion.
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