Word: slowdown
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...grim fact of life in the U.S. today. Unexplainable by the philosophy of Adam Smith, John Maynard Keynes or even Milton Friedman, a new strain of inflation has become a hard reality for millions of Americans. So far, it has proved stubbornly resistant to the classic remedy of business slowdown that has cured inflation in the past. To rescue the nation from it, the Nixon Administration may have to make some imaginative and unorthodox new moves...
There have been plenty of ills to care for since Haack took over in 1967. He had to contend first with a runaway bull market and then a severe slowdown in the securities industry. There were times, he says, when "I slept very well between 2:15 a.m. and 2:30 a.m." In many of the mergers on Wall Street over the past twelve months, Haack has been the man holding the shotgun...
...test should take about 200 millionths of a second longer than if it did not pass through the sun's gravitational field; that is because the signal's path would be curved, not straight. The Brans-Dicke theory, on the other hand, predicts less curvature and a slowdown of only 186 millionths of a second. While such bending has been measured before, the tests have never been accurate enough to make a firm case for either the Einstein or Brans-Dicke theory...
...markets without jolting them. The board is thinking of changes as small as tenths of a percent. It is likely to make another modest cut in the discount rate before year's end. Its economists worry that U.S. business is not recovering as rapidly from the early-1970 slowdown as they had hoped, and they would like to help business along. Bankers are ready to follow another discount-rate cut with a fourth lowering of the prime rate. Their business loan demand has fallen markedly lately, and they do not think that the drop is entirely because...
...Harvard, playing a slowdown game which emphasized ball handling, moved to a 4-1 lead at the end of the first half. However, late in the fourth quarter captain Steve Renard fouled out and Cornell promptly responded with a goal to tie the game...