Word: rebounds
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Dates: during 1960-1969
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...hedge against a possible strike that many could operate for two months without buying any more steel. Some steelmen predict that a 30% to 40% drop in orders over the next four months will cut industry output from 75% of capacity to as little as 60% before orders rebound. The Government's experts, on the other hand, believe that the underlying demand for steel in an advancing economy remains so strong that the pace of production will be interrupted for no more than a few months while users whittle down their big stocks...
...different in their traits and talents, America's newly wealthy entrepreneurs nonetheless share some telling similarities. Ambitious, energetic and supremely confident, they have had vision enough to get an idea, courage enough to pursue it. They were often discouraged by the experts, and they failed frequently-only to rebound. So eager were they to test their ideas that many of them dropped out of college, though dropping out is by no means a requisite for making a million. They made tremendous sacrifices, taking meager salaries at first and pouring the profits back into their business. Many did not marry...
Economists are divided as to whether housing as a whole is about to rebound. Chairman Gardner Ackley of the Coun cil of Economic Advisors forecasts that it will recover this year to something close to the 1964 level of 1,584,000 units. many other experts lean toward the view of James C. Downs Jr., chair man of Chicago's Real Estate Research Corp.: "The market is still oversupplied, and I foresee no dramatic improve ment." One encouraging sign: April con tracts for residential construction, a ba rometer of work to come hit a record $2.1 billin...
Rough Road. Despite the rebound, Britain's economy faces a rough road this summer. British tourists will soon begin their annual exodus abroad, cut ting into Britain's reserves as they eat and drink their way across the Conti nent. A bigger worry to Britain's money managers, however, is the extent to which the country's reserves will be drained by its staunchest foreign allies in the monetary battles-the nations of the sterling area...
...ball again, under the Celtics' basket. Quickly, they called time out. Coach Dolph Schayes outlined his strategy: Guard Hal Greer was to pass deep to Forward Chet Walker, set up a long set shot; Chamberlain was to station himself under the basket and try to stuff in the rebound. In the Boston huddle, Coach Red Auerbach simply told the Celtics to gang up on Chamberlain. Then he turned to Forward Havlicek: "Keep an eye on Walker...