Word: sags
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Dates: during 1950-1959
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...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 the current auto sag: the auto companies have been gradually moving out of Detroit for more than a decade, and not enough new industry has moved in to fill the gaps. And in the remaining auto plants automation is steadily shrinking the need for workers...
...more than 1,500,000 homes and institutions. More than a dozen people in Maryland were poisoned by carbon monoxide when they tried to cook indoors on charcoal burners. Families on New Jersey's shore had to leave their homes as high tides rammed the coast. In Sag Harbor, N.Y., an 82-year-old man left his house to seek help, drowned in tidewater in his own front yard...
...work, Democratic Governor Abraham Ribicoff summoned the general assembly into special session. And in Washington, Capitol Hill Democrats, convinced that recession will be their party's most profitable issue in the November congressional elections, were doing the nation's confidence no good by trumpeting statistics of sag and calling for crash programs reminiscent of Great Depression days (see Politics...
...Democratic chieftains in the Senate saw it last week, their party's Big Issue for this fall's congressional elections will no longer be the missile lag but the economic sag. The shift from lag to sag was evident both in dark grey oratory on the Senate floor and in busy bill-drafting off the floor...
Along with a $1.2 billion sag in estimated federal income for fiscal 1958, the extra outgo for defense erased the black ink to which the Administration pointed with pride a year ago. Instead of the estimated $1.8 billion surplus, the Administration foresees a $400 million deficit-red ink brought on by Red Sputniks...