The Nation: Expectancy

It was a wonderful winter—for penguins. Texas shivered in the blast of a rare "blue norther," Florida's pole bean and tourist crops were imperiled by frost, the temperature plunged to 22º below in Laramie, Wyo., and the entire northeast was smothered under snow that seemed to fall endlessly, making the average commuter feel his kinship to Nanook of the North.

Nor was nature's chill caprice the only U.S. worry. The economy seemed wobbly. From Birmingham and its steel mills to Los Angeles and its aircraft plants, unemployment pockets grew; Trinidad, Colo., a mining and...

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