Word: hard-hitting
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Widespread in hard-hit Detroit is a bleak pessimism that contrasts sharply with the city's traditional Midwestern spirit. Detroiters do not count their city as especially beautiful or rich in culture, but they treasure its name for thrust, energy, confidence. Their favorite adjective: "dynamic." For generations young men leaving farms and small towns in the Midwest and the South have headed hopefully for bustling Detroit. One of the city's most cherished residents is a relentlessly optimistic versifier, Edgar Guest...
...with its growing suburbia, has still to feel a serious recession pinch. In the metropolitan area, jobs were climbing again after a January dip until nipped by the garment strike, and upstate unemployment is edging down. In Long Island's booming Nassau and Suffolk Counties, which had been hard-hit by cutbacks in defense spending, new industry is moving in at such a rate that some 75 new plants are under construction to add more electronics, nuclear energy, plastics, clothing, to the area's economy. Peak unemployment hit 45,000 out of 675,000 working in mid-February...
Texas independent oil producers, hard-hit by the growing U.S. oil surplus, took stern measures to end their troubles. At their request, the Texas Railroad Commission last week cut back the state's crude production for March from an eleven-day-per-month operating rate to nine days-the lowest rate ever set by the 28-year-old commission. The flow of oil from Texas' 182,000 wells will be cut by 513,814 barrels daily...
...hard-hit steel industry, operating at only 55-4% of capacity, was down from the record quarter a year ago when it was still making up for strike losses in output. U.S. Steel, while running up record profits for the year, noted a fourth-quarter drop in earnings to $1.56 per share from $1.83 the year before. Republic Steel's net fell in the last quarter to 77? a share from $2.22 a year earlier, though the company turned its best earnings year since 1955. On the other hand, Bethlehem Steel rang up record yearly earnings, partly...
...city council adopted an income tax ordinance without a public vote. Shouts of outrage echoed in the Rockies, as the Denver citizenry dramatized memories of the Boston Tea Party by waving tea bags at protest meetings and crying, "No taxation without representation!"* Newspapers took sides, and, surprisingly, the hard-hit Chamber of Commerce, figuring that the tax would drive still more people into the suburbs, lined up against the mayor. Organized labor supported Big Nick...