Word: depressive
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...Echos called Johnson's "anti-Marshall Plan." The cut off of dollars will curtail industrial expansion on the Continent by forcing interest rates up (Eurodollar bond-yield rates climbed 1%, to 7.2%, last week). Declining tourism and tougher competition from U.S. exporters are considered likely to depress business revenues. Italy expects the U.S. controls to tip its precarious balance of payments from surplus to deficit. Japan and Britain foresee a slowdown in trade-and resulting larger payments deficits of their...
Voracious Demand. With the President's tax bill stalled in Congress, Wall Street is betting on a credit crisis. Already, the mere prospect has helped to depress the stock market (see following story), lift some interest rates to 46-year peaks and cause bond prices to plummet. On top of voracious corporate demand for funds, the federal deficit has forced the Treasury to borrow $16 billion since midyear (apart from replacement of maturing issues). The Government had to pay 5¼% interest for some of that money last month, its highest rate since June, 1921. Last week...
...cent of the world's yearly sugar production is sold on the open market. This market, however, provides much of Cuba's hard foreign currency. By continuing to increase the acreage under cultivation, and trying to sell more on the open market, the Cubans have helped to depress the two-cent price. But government officials think that continued low prices will force competitors to cut back their production since it is not profitable, and when the price finally begins to rise, Cuba, as the world's largest producer, will be in an advantageous position...
...inflationary pressures because the government is putting more funds into the economy than it is taking out. The tax increase tends to slow the economy by restricting the ability of individuals and corporations to spend. In the absence of an economic boom, however, a tax increase tends to further depress economic conditions. In an economy operating at a slower pace, less consumer spending would result in lower tax revenues, thereby negating the beneficial effect of any tax increase...
...smallest solid elements in the blood. It may be possible, he suggested, to use anti-inflammatory drugs to control or prevent some kinds of thrombus formation. But by the same token, it may be unwise to give such drugs-even aspirin-to a patient taking anticoagulants, since they may depress the coagulability too far, and lead to dangerous bleeding...