Word: reckoned
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Unlike consumers, businessmen are buying cautiously. They added only a paper-thin $300 million to their inventories in the third quarter. Economists reckon that inventories are as low as they can go, are bound to rise, and will thus be a propellent force in the months ahead. So, too, may be capital spending. Businessmen hardly increased their outlays for plant and equipment this year. But McGraw-Hill projects a 7% increase for next year, and the research economists at Lionel D. Edie Co. forecast a 9% gain. In past economic recoveries, these capital forecasts have been on the low side...
...destroy their own world rather than absorb a Polish refugee who is himself simply trying to survive. Few writers mix comedy and cruelty more offhandedly or more effectively. Witness a redneck farmhand's wife contemplating the Polish family's broken English: "They can't talk. You reckon they'll know what colors even is?" As her hostile speculations grow deadlier, she recalls a newsreel showing bodies stacked in a concentration camp, then thinks of -"ten billion of them pushing their way into new places over here...
...higher. Fiat, the automaker, has placed 8,000 workers on a short week; tiremaking Pirelli is offering workers in the Milan area cash gifts to quit. Zanussi, Italy's biggest electric-appliance manufacturer, plans to lay off 9,420 by year's end. Refrigerator producers reckon that the price of one of their popular models in the U.S. will rise from $89 to $109. The Italian bourse is at a 15-year low, and the government plans to offer tax incentives to stimulate lagging investment...
Volatile Jobs. Because of general economic sluggishness, such metalworking firms have been paring production for most of the past two years. The best estimate is that they are now producing at only 62% of capacity, and machine-tool men reckon that demand for their own products will not really move up until their major customers' production figures reach 80%. Another problem is that foreign competitors have been underselling U.S. manufacturers by as much as 15%. Even though Nixon's program wilt tend to equalize prices, the overseas companies will present another threat. As a result of the recent...
...sure, but I reckon it's cause...