Word: pent-up
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Hoadley called the recession "an interim" between the great boom that ended last summer and another great boom that he expects will begin in the early 1960s. "It is likely to be difficult," he said, "to come out of this very rapidly." His reasons: 1) the artificial backlog of pent-up postwar demand has been satisfied; 2) the population boom is over for at least five years because of the low Depression-years' birth rate; 3) expenditures for new plants and equipment are likely to continue downward because of the nation's already large productive capacity; 4) consumer...
Outwardly the most stable of all Arab countries, prosperous and democratic little Lebanon (pop. 1,500,000) has been rocking for months on the rim of the Arab nationalist volcano. Last week all the pent-up flames of its religious feuds and political frustrations burst into the wildest and bloodiest rioting of Lebanon's twelve years of independence...
...management. "You know," says a businessman, "when we were the arsenal of democracy, there was a great premium put on inefficiency of operation. The more payroll a company had, the more profit it would make on the cost-plus arrangement. And when the war ended, there was tremendous pent-up demand for what Detroit could produce, and wartime business became even bigger." A University of Michigan economist recently warned that even after the U.S. recession is past Detroit will still have a serious hard core of unemployment to worry about. Basic reason why Detroit is in trouble, apart from...
...short-lived as many people hope. Said Professor Jewell J. Rasmussen of the University of Utah, summing up the group's sentiment: "The possibility of a recession of the more serious type appears to be much greater now than in 1949 or 1953-54," because pent-up demand has been filled. But there was no such agreement among businessmen themselves. The steel industry, in fact, is cautiously optimistic, feels that it has reached the bottom. Said Arthur B. Homer, president of Bethlehem Steel: "Sizing up all the factors, I've felt better about things in the last week...
...body, summoned Premier O.K. Yui to come before the Yuan to answer charges of waste in 15 government agencies. Four times Yui refused. When Yui rejected a fifth summons on the ground that, under the constitution, he does not have to answer to the Control Yuan, the legislators' pent-up frustration exploded. The Control Yuan formally voted to impeach the Premier...