Word: downwardly
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...that the technological increases in productivity throughout the 1920s (up 43% per factory man-hour) were not matched by increases in wages and thus in the public's capacity to consume (factory pay rose less than 20%). The collapse of the overinflated stock market therefore started a downward spiral in both demand and the ability to pay. Conservative economists like Milton Friedman, on the other hand, blame the Federal Reserve System for failing to expand the money supply sufficiently in the wake of the stock market crash...
There is hope that the downward drift of interest levels may help get the thrifts through their current troubles. Yet it would still take two to three years of lower interest rates before a substantial part of the older fixed-term mortgages could be replaced by new higher-yielding loans. The stronger thrifts may also be helped by some of the banking deregulation legislation now pending in Congress. One measure would allow S and Ls to offer loans to corporations, just as banks do, and another would permit thrifts to make a broader range of loans to consumers...
Five members and an attorney for the Mission Hill Planning Commission (MHPC) told the Boston Redevelopment Authority that the research tower's size will induce a "down-wash" effect, deflecting downward hazardous nitrous oxide exhaust from Harvard's Medical Area Total Energy Plant (MATEP), two blocks away...
...several months the novelty and unabashed boldness of the Reagan plan worked like a miracle drug. Interest rates began to creep downward, and the Dow Jones industrial average hit an eight-year peak of 1,024 in April. But then moneymen began growing jittery as some of Wall Street's most influential economists, led by Henry Kaufman of Salomon Brothers and Albert Wojnilower of First Boston, warned that Reagan's goals of deep tax cuts, large increases in defense spending and a balanced budget were inconsistent and impossible to achieve. Nicknamed Dr. Doom and Dr. Gloom, Kaufman...
That is only realistic: rarely have economists revised their predictions downward so far and so rapidly as in the past few months (see chart). The news in recent weeks has been a succession of shocks, most notably a stunning one-month jump in the unemployment rate, from 7.5% to 8% in October. The Administration and many private forecasters are expecting a further increase to 8.5% or 9%. The latter figure would equal the rate at the end of the 1973-75 recession; that was the worst jobless rate since...