Word: slowdowns
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Dates: during 1960-1969
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Firemen refused housekeeping duties, such as checking fire hydrants and inspecting buildings, and the head of the firemen's union warned that the slowdown "could escalate into a full-scale strike" that would leave alarms unanswered and homes in danger...
John Lindsay is not a man to let his troubles get him down. Although a million pupils are out of school, firemen are on a "slowdown," and other public strikes threaten, New York's Mayor seemed as exuberant as ever last week. Returning from a television appearance, he met TIME Correspondent Lansing Lamont for an interview at Grade Mansion. Reported Lamont...
...take. At a Hot Springs, Va., meeting of the Business Council, a group of corporate executives who generally support the Johnson Administration's policies, there were plenty of questions about what the next president might have to do. The consensus of 20 council economists was that an economic slowdown next year, however temporary, would tempt a new Administration to ease off on the brakes prematurely. The result might be more inflation, followed by a "major recession" in late 1970 and early...
...joblessness at a minimum; Nixon vows to fight inflation "without increasing unemployment." In Washington, Chief White House Economic Adviser Arthur Okun took exception to the view that braking measures would have to be continued for very long. Inflation, he warned, might be less of a hazard than a prolonged slowdown, which could bring on "a stall and perhaps a tailspin...
...ordinary economic rules, Israel ought to be in receivership. After more than a decade of living beyond its means, the country skidded into a deep recession in 1965 when Premier Levi Eshkol's anti-inflationary slowdown proved too abrupt. Unemployment jumped to 10%, and the government for the first time in its history was forced to put the jobless on the dole...