Word: slowdowns
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Dates: during 1960-1969
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...insatiable wanderlust of millions of its well-heeled citizens. In 1967, the outflow turned to a flood-between $3.5 billion and $4 billion. Major factors included the tourist rush to Canada's Expo 67, the outpouring of private funds to finance Israel's costly war, the slowdown in Europe's economies and, most important of all, Britain's devaluation of the pound, which caused a speculative rush for gold and put intense pressure on the gold-backed U.S. dollar...
...interest rates up (Eurodollar bond-yield rates climbed 1%, to 7.2%, last week). Declining tourism and tougher competition from U.S. exporters are considered likely to depress business revenues. Italy expects the U.S. controls to tip its precarious balance of payments from surplus to deficit. Japan and Britain foresee a slowdown in trade-and resulting larger payments deficits of their...
...within Europe's supposedly cozy Common Market. Volkswagen has had lagging sales in Italy ever since that counry imposed a temporary tax that craftily penalized owners of the German bug. France, challenged at home by Italy's burgeoning appliance industry, has tried everything from a deliberate customs slowdown, which piled up thousands of Italian refrigerators at the border, to a formal request, now pending before the Common Market commission, for outright import quotas. The French also forbid the import of walnuts before Sept. 25-by which time the remnants of Italy's early-ripening crop have often...
Last Saturday, the Quakers and the Tigers struggled before a regional television audience in the League opener. Operating at a tremendous height disadvantage, Penn held down the score for a while with a slowdown weave, but eventually Princeton's sharp shooting...
...least 3% this year. Earnings could be down by as much as 24% from last year's $389 million. A main source of that slump is lagging profits in the synthetic-fiber business. Accounting for about one-third of Du Pont sales, synthetics have been hurt by a slowdown in the textile industry caused largely by rising imports and falling prices. While Du Pont continues to base hopes for recovery on its huge research budget ($110 million a year), McCoy realistically admits that "the more discoveries we make, the more rapidly our competitors move in against...