Word: slowdown
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...reason that he has asked for the short cut this time is a general malaise in the French economy that affects both board rooms and sweatshops. It is accompanied by a slowdown of overall economic growth and by unemployment, which has recently increased by 20,000 to 370,000 in a country accustomed to virtually full employment. By July 1968, when tariff barriers between Common Market countries are brought down all the way, French industry will have to face increased competition, and it is believed ill equipped to hold its own. De Gaulle's bills aim at tightening...
Many Israelis complain that the slowdown has been too abrupt. Last month 7,000 jobless marched through Tel Aviv shouting "unemployment is no solution" and demanding "bread and work." Even Bank of Israel economists are charging that the country is "in a state of paralysis." Defending mitun, Sapir points out that his policies have cut the growth of consumer spending by more than half, narrowed the balance of payments deficit by 14% to $450 million. "Had we gone on for three more years as before," he insists, "we would have ended up in a catastrophe...
...testifying before the Senate Finance Committee in support of restoring the 7% tax credit on new plant and equipment, seemed worried about the possibility that the U.S. economy has perhaps cooled off too much. "There has been a slowing down," he admitted, "although I see no recession in the slowdown...
...With slowdown signposts appearing all over the U.S. economy, the Federal Reserve Board last week moved to ease the cost of money. In its own words, the board meant to assure "that the availability of credit is adequate to provide for orderly economic growth...
...Republican in 1968 is if "Johnson fails in Viet Nam." Unlike Romney, however, Goldwater's view is that the war "actually seems to be going better now." Indeed, Barry has never had any difficulty figuring out his own view of Viet Nam. His prognosis is that any slowdown in the U.S. military effort would constitute a "sanity...