Word: dipping
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INDUSTRIAL PRODUCTION. Output of the nation's factories, mines and utilities rose at an annual rate of almost 9% in January. The February figure will probably be even better, because auto production rebounded from a slight dip the month before. For March, Detroit's automakers are scheduling assembly of 823,000 cars-22% more than this month and 69% ahead of March...
INFLATION. The Consumer Price Index in January rose at an annual rate of less than 5%; in only two of the past 15 months has the increase been smaller. Food prices actually declined slightly. The dip might have been reversed in February, so the overall index may show a larger rise. Even so, the inflation rate is in line with forecasts of a 6% rise for the full year, and far below last year's peak rate of 15.4% in July...
...former First Lady. Accompanied by four Secret Service agents, Pat Nixon had come to Key Biscayne to take inventory of the family possessions at the ex-President's property there, which is for sale (a few nibbles, but no takers yet). After completing her list and taking a dip in the still cared-for pool, Pat jetted off to New York and less serious business: an evening at the Broadway musical A Chorus Line with Daughter Tricia Nixon...
There was a consensus among the economists, however, that whatever is done about the budget will have little effect on the recovery this year. There was also general agreement with Ford's estimate that real output will expand about 6.2% this year, compared to a 2% dip last year. But the economists are worried-and sharply at odds with one another-about the impact of the budget and its $43 billion deficit (down from $76 billion in fiscal 1976) in 1977 and beyond...
...however, has the direct simplicity of a good toy. When one steps aboard the Ruckus Staten Island Ferry, it shimmies alarmingly; plumes of smoke, made of sheet metal, issue from its funnels and begin to waggle; a flock of seagulls suspended from the smoke begin to circle and dip. One succumbs at once to these lighthearted parodies of reality. But they are also extremely well researched. The Ruckus group spent months drawing in the streets of lower Manhattan, getting to know the buildings...