Word: fasts
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Dates: during 1950-1959
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...tension told in the first round. Young challengers fell fast, and suddenly the old pros seemed to be playing by themselves. California's Beverly Hanson, a lanky, bespectacled stylist, snuggled into her candy-striped long Johns and shot a surprising par 72. "I'm a hot-weather golfer," drawled Beverly, "but thanks to this dandy underwear, I've had a very good winter." Right behind her, only a stroke off, plodded the broad-beamed champion herself-affable Patty Berg, 40, seven-time winner and still favorite despite a painful trick knee...
...Plant-expansion slowdown and the consequent cut in spending: $3 billion. ¶ Inventory buying, accelerating at the rate of $3 billion annually, turned completely around in October and was decreasing at a lightning-fast $7 billion rate in January as businessmen lived off their warehouse stocks. Cut in demand: $10 billion. ¶ Total cut in spending rates: $21 billion...
...Bottom? When will the economy turn up again? At first the crystal-ball-gazers looked for an upturn starting at midyear. Now they have put the turn farther off, barring a tax cut that might give the U.S. a fast boost. Most economists agree with harvard Economist Sumner Slichter, who says: "It will be six months before the economy shows much pep." They think the recession will reach bottom soon, may be there even now. Then, say economists, it will rock along on a relatively even keel for six months or more before turning gradually upward...
...reason many a businessman thinks that the recession is already bottoming out is the drastic cut in inventories. So many companies are eating into inventories so fast that it looks as if they will soon have to start ordering again whether they like it or not. Best evidence came from the National Association of Purchasing Agents, whose members were the first to issue a warning last fall. Last week the association reported that its members were more optimistic in February than at any time since last November; 24% reported that their new-order situation was improving, v. only...
...must suffer from reduced business and lower profits, so labor must also bear some of the cost of a business downturn. Businessmen fear that the U.S. will not be on solid ground for an upturn until the wage spiral is broken, and productivity, which has not been rising as fast as wage rates, catches up. Said Industrialist and longtime Federal Reserve Chairman Marriner Eccles: "Organized labor has already jeopardized its interests by pricing many of its goods and services right out of the market...