Word: bottomly
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Dates: during 1950-1959
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Eligible Pupils. Trouble began in January. With intellectualism back in style, and with the out-of-state intellectuals (who have made Aspen a kind of wild-west Athens) clamoring about education, the school board grandly boosted athletic eligibility requirements from the rock bottom required by the state (passing grades in at least three subjects) to a new high...
...recession (see NATIONAL AFFAIRS). Businessmen did not brush the facts under the rug, but their anxieties were generally more for "the other guy" than for their own business. They saw no long slide but talked of the decline as the "saucer recession"-a curving dip to a level bottom and a climb on the other side. They viewed the now-dwindling inventory surpluses as a natural result of years of postwar expansion to keep pace with ever-growing markets-and considered this situation as a normal hangover caused by an inflationary binge...
...Bottom? When will the economy turn up again? At first the crystal-ball-gazers looked for an upturn starting at midyear. Now they have put the turn farther off, barring a tax cut that might give the U.S. a fast boost. Most economists agree with harvard Economist Sumner Slichter, who says: "It will be six months before the economy shows much pep." They think the recession will reach bottom soon, may be there even now. Then, say economists, it will rock along on a relatively even keel for six months or more before turning gradually upward...
...reason many a businessman thinks that the recession is already bottoming out is the drastic cut in inventories. So many companies are eating into inventories so fast that it looks as if they will soon have to start ordering again whether they like it or not. Best evidence came from the National Association of Purchasing Agents, whose members were the first to issue a warning last fall. Last week the association reported that its members were more optimistic in February than at any time since last November; 24% reported that their new-order situation was improving, v. only...
Another encouraging sign comes from railroaders, who reported that freight car-loadings, which had one of the worst slides, may have hit bottom. Though car-loadings for the year are still 17.5% below 1957, railroaders attribute at least part of the trouble to winter snows that tied up Eastern lines during February, and note a small but definite uptrend so far in March. A second hint that companies may start ordering soon: during a walkout at Aluminum Co. of America's Alcoa (Tenn.) plant late in January, General Electric Co. got a court order after four days to enter...