Word: slowdown
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Except for an irritating slowdown on missile-site construction, John Kennedy's New Frontier has been relatively free of labor trouble in its first six months. Last week Labor Secretary Arthur Goldberg reported that "in the first six months of 1961, the U.S. enjoyed its greatest period of industrial peace since the end of World War II." The number of workers involved in strikes was a postwar low of 621,000 (out of an employed work force of 60 million); time lost because of strikes was 6,720,000 man-days, or only one-tenth...
...47th as European buyers patrolled the street in search of fine stones. The newly affluent Europeans are now competing in ever-increasing numbers for the better diamonds that in the lean years after World War II went almost entirely to the U.S. market. Their demand, on top of the slowdown in the flow of new diamonds coming from the Congo and South African mines because of racial and political upheavals, has driven up prices, e.g.. a flawless, two-carat blue diamond that retailed for about $3,500 on West 47th Street only two½ years ago, can now easily...
...last year's volume was still one-third below the 29 million tons that the Canadian-American Joint Tolls Committee originally predicted for 1960. Among the reasons why the 1960 projection proved over-optimistic was a 20-day longshoremen's strike at U.S. lake ports and a slowdown in ore shipments during the recession. But other difficulties are more chronic and basic. Some shippers complain about slow, costly stevedoring at Seaway ports. Others have been discouraged by erratic shipping schedules and time-consuming accidents and stoppages, notably in the Welland Canal, which is the Seaway's Scylla...
Actually, Fleming did not have to push very hard. Though Canada's dollar hit a record high of $1.06 to the U.S. dollar in August of boom year 1957, it has been in slow decline since then. Since mid-1960, when a business slowdown was unmistakably felt in both nations, U.S. interest in Canadian investments waned to the point where the dollar dropped to $1.02 just before Fleming outlined his high-tax prescription fortnight...
Hard to Turn Back. Events that Castro himself set in motion were moving too fast for any sudden slowdown. At Cape Canaveral, Fla. a U.S. range safety officer made a lightning decision, pressed the destruction button on a malfunctioning satellite rocket, and fragments weighing up to 40 Ibs. showered down within ten miles of Holguin (pop. 70,000). In normal times the incident would be covered by an embarrassed apology; in the anti-U.S. atmosphere of Cuba the effect was hopelessly inflammatory. Revolution, Castro's mouthpiece, exploded at a "new Yankee provocation." Nor was the U.S. very conciliatory...