Word: slowdowns
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Dates: during 1960-1969
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...dropped a total of 25.45 points to wind up at 888.47, way below the cherished "support level" of 900. Brokers claimed that the sell-off was a delayed reaction to bad news concerning the Paris peace talks and the Czechoslovak-Russian confrontation, combined with an anticipated economic slowdown as a result of the 10% tax surcharge. Frederick Stahl, chairman of Standard & Poor's, suggested that the midweek closings themselves were partly responsible because they eroded investors' confidence in the mechanics of the market...
...Deputy Administrator David D. Thomas laid the blame on congestion. Said he: "What has happened is that the airports, particularly in the New York area, are finally approaching saturation." But pilots were telling their passengers the straight story: the FAA's air traffic controllers were staging a deliberate slowdown...
...agreed upon by New York, and new equipment is promised by the Federal Government. The stall is sending the airlines into tailspins. It costs $10 a minute to keep a 707 jet in the air, and pilots by contract cannot fly more than 80 hours per month. If the slowdown continues, the carriers will run out of pilots and the passengers out of patience...
...including a stop at Montreal, a stewardess announced that we had arrived over New York on time, and everyone buckled up for landing. Over the cockpit radio, however, Kennedy control was explaining that there were serious traffic delays (because of the tower workers' slowdown). Pilot Egorov also was told that his flight could be given priority for an almost immediate landing. He politely declined, radioing that "Aeroflot Zero Three will go in turn like the rest." In that case, said control, our plane's turn would come in two hours...
Some 300,000 British railroad workers last week went on slowdown. They not only refused all overtime work but zealously began conforming with all the rigmarole of the 240 regulations in the nationalized British Railways rule book. Guards elaborately checked rail-car doors and couplings, meticulously counted the contents of first-aid kits in locomotives. Engineers took 25-minute tea breaks, stopping many trains on the tracks between stations. Timetables all but vanished in the resulting confusion, and for several days about half the country's passenger trains were delayed or canceled...