Word: dipping
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...than the politicians about the recession (see NATIONAL AFFAIRS). Businessmen did not brush the facts under the rug, but their anxieties were generally more for "the other guy" than for their own business. They saw no long slide but talked of the decline as the "saucer recession"-a curving dip to a level bottom and a climb on the other side. They viewed the now-dwindling inventory surpluses as a natural result of years of postwar expansion to keep pace with ever-growing markets-and considered this situation as a normal hangover caused by an inflationary binge...
...corner delicatessen or grocery store and shopping in supermarkets to save pennies to put into savings accounts. In Chicago a young woman borrowed $500 from a downtown bank at 4½% interest, offering as collateral her $650 savings account drawing 2% interest. She just didn't want to dip into her savings. Commented a bank official: "This kind of thing is getting fairly common...
...Black Statistic. The looming crisis of confidence was a serious challenge to Administration leadership: the great economic danger was that crumbling confidence might still further shrink buying and investing, and so turn a dip into a more severe recession. Confronted with this challenge, Dwight Eisenhower and four of the Government's top economic-policy shapers huddled in the President's White House office one afternoon last week. Present besides Ike: Treasury Secretary Robert B. Anderson, Federal Reserve Chairman William McChesney Martin Jr., Economic Advisers Chairman Raymond Saulnier, Presidential Economics Assistant Gabriel Hauge. They knew that next...
...businessmen, one of the prime reasons for the recession is the sharp dip in inventories. Last week the Commerce Department's figures showed just how sharp the cutbacks have been...
...nudged its net up for the year with the help of a fourth-quarter rise in the oil industry, a 32% cut in Jersey Standard's fourth-quarter net (to 71?, v. $1.04 a year earlier) gave the world's biggest oil company its first yearly earnings dip in five years. Healthy fourth-quarter gains were run up by International Business Machines ($2.17, v. $1.86 in 1956), which had a record profit year, and Westinghouse Electric Corp. ($1.11, excluding a special tax refund, v. $1.07). Though the earnings trend was down, such surprisingly strong showings in the face...