Word: slowdown
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...hands of the peasants, coal miners still refuse to work, and much of the country's industry is at a standstill. Last week Kadar's government estimated that 200,000 workers were idle as a result of the coal shortage. Meanwhile, a new wave of slowdown strikes was rising ahead...
Despite a slowdown in housing and a few durable-goods industries, notably autos, the Federal Reserve all year long made a determined attempt to hold down spending. Stumping the nation with the fervor of a Johnny Appleseed, FRB Chairman William Martin pleaded with businessmen to take another hard look, and perhaps cut down on expansion and their demands for credit. "Creating more money will not create more goods," he argued. "It can only intensify demands for the current supply of labor and materials. That is outright inflation...
...registration has moved ahead of Republican. Wayne Morse has strong financial support from COPE, the political arm of the A.F.L.-C.I.O., and labor, as rarely before, is organizing the precincts on Morse's behalf. Moreover, Democrat Morse has a break on the issues: 1) because of the nationwide slowdown in home building, Oregon's billion-dollar lumber business has slacked off; 2) because of lower farm prices, Eastern Oregon's big-business wheat farmers are pouting; and 3) even though private enterprise already is hard at work on a power project in the Hell's Canyon...
...Washington outlined something better-a way to anticipate and thus prevent the stoppage before it happens. They use a cardio-tachometer, with two electrodes taped to the patient's chest. A heart about to stop, they find, gives a full 30 seconds' warning by a drastic slowdown. The same electrodes can be used to give the faltering heart an electrical boost so that it promptly picks up again...
...Slowdown. Most of the elements of a readjustment have been growing within the market for some time. As credit tightened, pushing business borrowing rates to 4% for prime loans, up to 5½% for others, the spread between stock and bond yields has narrowed, making bonds a more attractive buy. On the Dow-Jones industrial average, the yield is slightly above 4.81% for stocks v. 4.07% for bonds; on Standard & Poor's index, which Wall Street also follows closely, the spread is 4% for stocks v. 3.61% for bonds...