Word: slacks
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...least muted jubilation. The longest, most brutal recession in the lifetime of most Americans is now over, and a recovery is beginning. It is likely to be fitful at first, and the daily headlines will oscillate between bleak and bullish. But shortly after Labor Day, when the usual summer slack period is over, production and sales should be rising fairly rapidly...
...eight months, was the lowest for any May in 28 years. In addition, the pattern of the upturn is highly checkered. Single-family home construction is picking up on the Pacific Coast and throughout the Midwest, but in the Midwest, at least, the market for apartment buildings remains slack. In the South the recovery has not been felt...
...basic fact should not be overlooked: farmers have never had the right to set a price for their products. Because of this, a laissez-faire approach to agriculture would soon result in economic and social bankruptcy, with vertically integrated food companies taking up the slack...
...stockbrokers, Mayday means nothing less than the abolition of the system that has enriched them in good times and pulled many of them through during long periods of market slack. What is more, negotiated-or "unfixed" -commissions will begin a drastic restructuring of the securities markets...
Advocating Slack. Last week, for example, Simon told Congress that its tax and spending policies will lead to a budget deficit of $80 billion in the fiscal year that begins in July, v. the $55.5 billion projected by the Office of Management and Budget. That is a real and worrisome possibility, but Simon's warning would carry more force if he had shown a keener and earlier appreciation of the need for vigorous action to pull the nation out of recession. Instead, Simon has insisted that "some margin of economic slack must remain for a period of years...