Word: downturn
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...month's up-tick in the price index, of course, means no more intrinsically than one month's downturn did in the years when inflation was steadily accelerating. Yet the July performance was disquieting, both because of the Nixon Administration's seeming inability to stop food prices from soaring and because some other prices caused trouble too. Interest rates on mortgages, premiums on insurance, transportation costs, and prices for housing, used cars, carpets, gasoline and liquor all advanced faster than usual, or failed to show normal seasonal declines...
...intensive-and expensive-analysis. Claude Rosenberg, a San Francisco capital-management adviser, has another economic gauge: whether or not brokerage houses are remodeling their offices. "Brokerage expansion is notoriously ill-timed," he explains. "So when I see them start expensive remodeling projects, I always know that a sharp downturn is on the way." Few brokerage houses are remodeling these days...
...some of its suffering, Pan Am only reflects the ills of the rest of the industry. The introduction of jumbo jets last year increased the number of available seats at a time when the general economic downturn was sharply reducing the supply of available passengers. On the crowded North Atlantic run, where Pan Am and 23 other scheduled airlines are fighting it out with the aggressive charter carriers, the company lost $7,000,000 last year. Meeting the bargain-basement transatlantic fares recently announced by Germany's Lufthansa, Halaby estimates, could cost as much as $30 million in losses...
...long is the public's memory? Will voters be mad at Nixon because of the economic failures in the early years of his presidency? Or will they be so enthused by an upturn in prosperity and a downturn in inflation next year that they will grant him a second term? For men who count votes, these promise to be the big questions...
Astin and Bayer are quick to point out that the figures represent a clear "downturn" from 1969-70, when incidents were so numerous that no one counted them precisely. No campuses experienced uproars on the same mass scale as those in the bloody spring of 1970. In addition, eruptions did taper off at the highly visible elite colleges and universities that often set the pace. Instead, last year's turmoil became "diffused," moving to the "invisible" campuses that newsmen rarely visit and educational leaders seldom discuss: public four-year colleges, Roman Catholic colleges and two-year private colleges. "Unrest...