Magazine content is available exclusively for TIME subscribers.STATE OF BUSINESS: New Strength in the Boom
Much to everyone's surprise, the third-quarter-earnings reports that poured out last week were far better than expected. The new surge in the great boom had boosted profits until, on the average, they were running well ahead of 1951. Aggregate profits of 386 key companies in 24 industries were 7.4% higher than in 1951's third quarter. This was the first overall increase since the post-Korean buying spree in 1951's first quarter.
Actually, the gain was not as big as it looked; some of it simply reflected bookkeeping adjustment. Last year's third-quarter profits were hit hard by Congress's big retroactive tax bite...
Email, Password or Region is incorrect
A required form parameter was missing.
The System is currently down. Please try again in a few minutes.
Email Address is invalid
Password is blank
Most Popular »
- Your Turn, Canada: A Second-By-Second Look at Jeremy Lin Lighting Up Toronto
- Iowa Welcomes Back China's Next President
- What's in Your Lipstick? FDA Finds Lead in 400 Shades
- 50 Best iPhone Apps 2012
- Rick Santorum Wants to Fight 'The Dangers Of Contraception'
- Linsanity Heads East, Linfects China and Taiwan
- Why Obama's Re-Election Fortunes Are Suddenly Looking Up
- After Whitney Houston, Musicians Say: I'm Afraid
- Can Jeremy Lin End The MSG/Time Warner Cable War?
- Love Ever After: A Valentine’s Day Special
- Iowa Welcomes Back China's Next President
- Harvard's Hoops Star Is Asian. Why's That a Problem?
- With Syria's Rebels: A Visit to a Bombmaker's Factory
- The Upside Of Being An Introvert (And Why Extroverts Are Overrated)
- Beirut: Where Valentine's Day Belongs to Another Kind of Saint
- Friends With Benefits
- Europe's Deep Freeze: Why Climate Change Is Not (Entirely) to Blame
- Study: Lead Poisoning Could Lurk in Spices
- Romney's Cruel Canine Vacation
- Casey Anthony CSI: A Triumph of High-Tech Forensics?
More News from Our Partners
Top Stories on TIME.com
Quotes of the Day »
