THE ECONOMY: Silver Threads Among the Grey

The word "recession" was rapidly becoming one of the hardest-working polysyllables in the language. A Los Angeles coffee shop advertised 65¢ "recession specials" (salmon patties, veal cutlet), and

President Eisenhower, at his midweek press conference, tied the "recession" tag to the economy for the first time since droop set in last autumn (and once even slipped into calling it a "depression"). Added the Labor Department: the total of laid-off workers drawing unemployment-compensation checks hit 3,130,200 in mid-February, a record 7.5% of the 42 million earners covered by the system.

Millions of families with incomes not nicked by the recession were gripped...

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