Word: breathers
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Last winter, as the U.S. was slipping into recession, President Eisenhower described the whole thing as "a breather.'! Writing out a speech for delivery this week to the American Management Association in Manhattan, Ike noted that the rate of decline was slowing down, reported his verdict on the economy: "We have about caught our breath...
Unfortunately for Pajarito. neither the referee nor Bassey was listening. After a between-rounds breather in Los Angeles' Wrigley Field last week. Bassey came back to throw so many punches so fast that his muscular Mexican opponent might as well have been tilting with a windmill. A savage uppercut separated Moreno from his mouthpiece with such violence that third-row fans caught the spray. Even when he was completely off balance, Bassey almost removed Moreno from his haircut with a pair of left hooks and a right uppercut delivered in split-second succession. At the end of the third...
...expects a rise in volume but a dip in profits in 1958: "My feeling is that recession within bounds is healthy. We have been in a boom economy since 1946. The pause will make us more efficient and competitive after setting new records for capital expansion. We need a breather for the economy to catch up with us. It will be healthy if it runs a year...
...throttle. "The auto industry no doubt could turn out 12 million cars a year if absolutely necessary," said a steel executive. "But when it produces only 6,000,000 cars, no one complains that it is operating at only 50% capacity." At times, businessmen even gave thanks for the breather. Frank Magee, president of Aluminum Co. of America, noting that aluminum has often been in short supply, said cheerfully: "For the first time in history, we can promise the potential user of aluminum a steady, dependable supply of metal...
...there is also a wild card: the impending Sputnik impact on defense spending. Defense spending is heading upward -and upward, and the words "deficit financing" are showing up in private Washington talk and responsible editorials. With defense spending on the upswing, the breather, recession, cyclical adjustment, period of hesitation, or whatever, may prove to be only a lull between periods of rising prices, which may or may not be called inflation...