Word: auto
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Dates: during 1950-1959
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...demands for reckless action to halt the downturn by any means, at any cost. Labor, business, state and local governments, all were calling for action from Washington, and doing very little on their own to help fight the recession. Symbolizing the panic pressures, A.F.L.-C.I.O. President George Meany, United Auto Workers President Walter Reuther and other top labor leaders handed the President a damn-the-deficits plan that included just about everything except an offer to join with management in a hold-down on wages and prices. The U.S., it seemed, had grown overly accustomed to letting Uncle...
...sordid shock effect and a flexible poetic line to match. Two drunken soldiers blurt out news of the death of David; a news cameraman snaps a picture of J.B. and Sarah while a reporter is telling them that Mary and Jonathan have been killed in an auto accident; two cops break the news of Ruth's murder by a sex maniac. Rebecca is killed when J.B.'s bank blows up, and Nickles waits expectantly for J.B. to kill himself...
Aircraft (down 24%), auto (down 18%), oil, railroad, heavy-machine stocks took a bad licking last year as investors switched into defensive issues such as utilities, food, tobacco and finance companies. Yet, when the selling was heaviest, many a coolheaded investor decided that the news was not that bad and started buying again. Since then, the market has seesawed cautiously higher: stocks on the Dow-Jones average ranged between 438 and 451 in January; 436 and 458 in February, closed at 453.04 last week, 33.25 points above the October...
Compass Points. The fix the U.S. is in was primarily caused by the catastrophic drop in auto sales and the extreme cuts by many industries in inventories and production (see chart). Another characteristic of the 1958 recession is that it is spotty and regional...
...hungry citizens behind the Iron Curtain may well be impatient and undisciplined. More than 50,000 Czech citizens have managed to save the down payment of 20,000 kroner ($2,800) to get their name on the state waiting list for a new auto, but only 19,000 cars (out of a production of about 40,000) will be available for citizens this year. The rest will be shipped abroad to get precious foreign currency, or turned over to party members. Even at the official price tag of 27,000 kroner, a new car represents almost 100 weeks' wages...