Word: cheer
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Dates: during 1970-1979
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Buoying Stocks. First Pennsylvania's prime cut sent cheer through the business community. The prospect of further relief from the high interest rates that have hurt borrowers for two years was a major reason why the stock market snapped back last week from an early sell-off started by the G.M. strike. California's Bank of America, the largest in the nation, is seriously considering following Bunting in lowering the prime rate to 7½%, perhaps this week. Some Manhattan bankers would not be surprised to see the cut soon become widespread. Bunting predicts that the industry...
That is small cheer. The student body has grown highly cynical. Says Anatole Beck, an activist professor: "The kids don't believe anything any more. The skepticism about ever ending the war is everywhere...
...broke, despite his world heavyweight boxing championship, he had to stand by helplessly and watch his ex-wives and the Internal Revenue Service compete for his paycheck. For the past three months Louis, 56, has been hospitalized in Denver with an emotional disorder. This week brought a glimmer of cheer at last. Louis' friends and admirers-among them: Mahalia Jackson, Bill Cosby, B.B. King and Redd Foxx -plan a benefit "Salute to the Champ...
Nixon's press conference at the Century Plaza Hotel in Los Angeles reflected more his California cheer than his fiscal problems. Half of his questioners were from California papers, and Nixon carefully explained his aim: "I think this whole program of bringing Government to the people can be served by having the White House go to the country from time to time...
...Stretched Recession." Given this balance of forces, some economists argue most loudly not over what is likely to happen but over how happy the nation should feel about it. Many cannot cheer a prospect of slow gains in production and rising unemployment. Harvard's Otto Eckstein, another member of TIME'S Board of Economists, has coined the term "stretched recession" to describe the prospect. His point is that the gap between actual and potential output over the three-year period of 1969 through 1971 is likely to be as great as it would have been if the nation...