Word: slacked
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...next year, and predict a gradual lessening of inflation. The budget cutbacks by the Nixon Administration and the severe squeeze on the money supply, applied until early 1970 by the Federal Reserve Board, are at last bringing inflation under control. But these policies have produced a great amount of slack in the economy, which precludes any fast or strong comeback...
...common with all Japanese workers, Toyota employees are never laid off-even during the slack period of model changeovers. The comforting sense of security is exceedingly important. The only serious strike Toyota ever had was in 1950, after 2,000 workers were let go. Before the strikers returned to their jobs, President Kiichiro Toyoda had to accept personal responsibility for the firings and commit a kind of corporate hara-kiri by resigning...
...Labor Department has granted $498,000 for training, only 75 blacks have been recruited-and the peak construction season is more than half over. The agreement has an "escape clause" that ties the unions' recruiting efforts to the state of the local economy. Since construction activity is slack, the unions do not want to train blacks for jobs that even whites cannot get. Moreover, Chicago blacks have been slow in pressing for more jobs...
...troop strength. In his recent State of the World message, President Nixon said that U.S. forces in Europe will remain at their present level of 310,000 until mid-1971. After that date, large cuts may take place. To a limited degree, the NATO allies can take up some slack; last week's announcement that 4,500 previously withdrawn British troops would return to West Germany is an example. But, realistically, no one can take the place of the U.S. troops. They must be strong enough to contain a conventional Soviet attack at least for a few days...
...near doubling of black enrollment last fall with the entrance of 130 black freshmen to Harvard and Radcliffe brought no comparable influx of black aspirants for the Harvard news media. In fact the slack turnout coupled with the departure of '69 graduates slightly reduced the number of blacks in these organizations...