Word: businessmen
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Dates: during 1950-1959
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Pinch & Punch. What did the signs add up to? Answers ranged from a breather (Dwight Eisenhower) to a serious recession (Texas' easy-money Democratic Congressman Wright Patman). Various economists and businessmen called it recession, rolling readjustment, healthy adjustment, mild cyclical adjustment, slowdown, shakedown downturn, downtrend, sidewise movement, plateau, leveling off, period of hesitation, soft period, temporary cyclical swing in long-term growth, polka-dot prosperity with the spots getting bigger...
...steel strike. It is now down to 81% of capacity. The steel industry considers recession a dirty word, says flatly that it is undergoing a "mild cyclical adjustment" which is now stabilizing. Production may go down some more, but steelmen expect consumption to remain at current levels as businessmen live off inventories. The oil industry is also cutting back to pare its ultralarge, 283 million-bbl. inventory of oil stocks...
...said Benjamin F. Fairless, onetime U.S. Steel boss and now president of the American Iron and Steel Institute. Fairless' words last week, spoken after an 18-nation tour as chairman of a seven-man presidential advisory group, were not lost on his audience: 2,500 top U.S. businessmen assembled...
...what may. Only a fortnight ago Chairman Martin preached harshly about inevitable declines (TIME, Nov. 18). As it turned out, says Martin, "I talked too long"-meaning he may have laid it on too thick. Now Martin, who is no man to overstay the market, finally agreed with many businessmen that the risks of deflation outweigh the problems of inflation. He wants the U.S. to understand that just as the Federal Reserve carefully-and correctly-set out to pinch the inflationary bubble off the boom, so it also stands ready to ease credit to help prevent a slide into recession...
...time, a job that took 24 hours. But for Navy Rear Admiral Hyman G. Rickover, who closely checked the building of the reactor at Shippingport (and of the Nautilus), the whole point was to make the plant "safe enough for my son to play in." To persistent questions from businessmen about the high costs, Rickover has one stock answer: "You people are asking for conception without...