Word: dipped
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Belated Payoff. The dip in labor costs has occurred primarily because overall productivity has risen faster during this recovery than in the past two recovery periods. Since 1947 the productivity of nonagricultural workers in the U.S. has increased by an average of 3% a year, rising in recovery periods to 7.5%. But in this year's economic bounce-back, productivity has soared by a remarkable annual rate of 9.5%. Chief explanation of this sudden leap, Government economists believe, is that industry is finally beginning to reap the rewards of its free-spending investment in new plant, equipment and research...
...Urho K. Kekkonen. winding up an 18-day official visit to the U.S.. got the news in Hawaii, calmly talked it over on the beach, dispatched his Foreign Minister to Helsinki ahead of schedule. Then he donned a pair of fire-red bathing trunks and went for a dip...
...evening there was more koshosh, warmed by leaning pieces against the fire, beans, stewed squash, or some other stewable kind of weed. Or perhaps chilis crushed in a bowl, with water and bits of onion added, into which to dip the koshosh. As darkness fell, the Indians sat over the oak fire and talked of Zinacantan politics, of weather and witchcraft, sickness and crops. At the center of the world things are fairly simple, after all; and it gave me a good feeling. There were only the elements, the earth, the corn, the fire, the night; and out of them...
Planemakers' sales and profits plunged downward at a speed faster than light. Republic Aviation, which stubbornly clung to the airplane and currently relies on its hot F-IO5 fighter-bomber for 98% of its business, has seen its sales dip from $547 million in 1955 to $215 million last year. The three big companies that winged into the commercial jet market were also hard hit: Boeing, Douglas and Convair spent some $700 million to develop their big jets, and only Boeing is in sight of the break-even point...
First sign of the dip in England came in May, when American tourism dropped 10%. Car rentals have slowed 20%. The Savoy reported that while its clerks are still turning down applications for rooms this year, the application rate is much lower. In Stockholm, hotels got their expected tourist increase not from Americans but from Finns, and Copenhagen travel agencies are getting a higher-than-usual rate of cancellations (as high as 20%). In Italy, hotel and tour cancellations from Americans are running anywhere from 10% to 35% ahead of last year...