Word: slowdown
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Dates: during 1950-1959
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...encouraging sign at year's end was that U.S. exports were already on the rise again after their slowdown. Wage costs in foreign nations were also on the rise, narrowing the foreign advantage over the U.S. Now that the alarm has been raised, many a businessman is not only revising his ideas about world trade; he is also doing something about costs. Cleveland's National Acme Co. brought out a new cam-finishing machine that does the job in 20 sec., v. 1 min. 15 sec. "What's just as important," says Acme's President...
...Archdiocese of New York, differ from the Ku Klux Klan "only in degree." The Brooklyn Tablet, another diocesan paper, said it would be "the Fifth Essence of Arrogance-the kind that foretells madness," for the U.S. to allow other nations to believe that Americans want to encourage a slowdown of other peoples' population growth...
...words are set aside." Encountering a speed-limit sign along a highway in the free world, wrote Dibelius, he would not hesitate to slow down. But not in East Germany. First, because the speed limit would not be applied equally to ordinary citizens and Communist functionaries and because the slowdown would be made necessary, in all likelihood, by some immoral purpose, such as starving out West Berlin. And second, "because I know that these ordinances are those of . . .a regime which I, in the name of God and Our Lord Jesus Christ, would like to see disappear...
WITH the boom still picking up speed, most U.S. economists have stopped worrying about the present, started looking into the future to answer a prime question: When will the U.S. have another recession? They have little doubt that a slowdown will come. "One of the outstanding facts of the postwar economy is the re-emergence of the classic business cycle," says Presidential Economic Adviser Don Paarlberg. Other economists throughout the land are in surprising agreement that business will boom into 1960, slump somewhat...
...years of contraction. The current boom got under way 17 months ago, and the key indicators are cycling ahead of schedule. Manufacturers' new orders snapped back to pre-slump peaks in 13 months v. 17 months in the 1953 slump, 16 months in the 1948 slowdown; personal income recovered peak levels in 14 months v. 16 months in the other two postwar recessions. Last week the Commerce Department announced that spending for new plant and equipment will hit an annual clip of $35.4 billion in the fourth quarter (against a 1957 peak rate of $38 billion...