Time Clock, Aug. 3, 1953

THE Administration, which thinks there is too much loose talk about a coming recession, is planning its own verbal counterattack. Government officials have been advised to take every opportunity in their speeches to play up the strength of the economy. To keep better tabs on business conditions, the new Government agency, ABEGS (Advisory Board on Economic Growth and Stability), is making special studies on such weather-vane industries as autos, appliances and apparel, so that any serious trouble can be spotted early.

COLUMBIA Broadcasting System, which has abandoned its own whirling-disk color-television system, will back a compatible system, developed by the industry's...

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