Word: drumbeaters
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Dates: during 1970-1979
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Husky Alto. Drawing on pop's musical past, Savannah synthesizes the sounds of yesterday-Count Basic, Hoagy Carmichael, Carmen Miranda-with its own swank brand of soul. Strains of Whispering (1920) are grafted onto Cherchez la Femme, a disco number bumping along to Mickey Sevilla's sassy drumbeat. A lilting intro evoking Glenn Miller evolves into the hustle smash I'll Play the Fool...
...belief is widespread, though not unanimous, that it will probably hit bottom in three or four months. Summed up Donald C. Miller, executive vice president of Continental Illinois Bank: "Over the past ten days or so, we seem to be picking up better feelings, some end to the steady drumbeat of bad news...
...recession is now 15 months old, and it is growing bigger and meaner all the time. The urgency of the debate now under way in Washington over how-and how fast-to turn the economy around was underscored by a drumbeat of bad news about falling production and shrinking profits. But of all the measures of the nation's deepening economic problem, none was quite so stunning as last week's report of a scary 8.2% unemployment rate in January...
...almost daily drumbeat of dismal news about falling production and growing unemployment made a turn toward more stimulus of the economy unavoidable. As car sales continued to skid, Detroit announced plans for more production cutbacks; that will add substantially to the 205,000 auto workers -about 25% of the auto-industry labor force-already idled and further bloat the nation's jobless rate, which is expected to swell to as much as 8% next year from its present 6.5%. According to a forecast issued by the Paris-based Organization of Economic Cooperation and Development last week, the U.S. will...
...dollar has been damaged by the drumbeat of increasingly grim economic news from the U.S. In addition, because short-term interest rates in the U.S. are coming down from their recent record peaks, money managers are switching funds out of dollars and into currencies offering better returns, notably the mark. While New York banks pay 8%% interest on short-term dollar deposits, German banks give up to 9% for marks...