Word: slowdowns
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Dates: during 1960-1969
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Having survived that slowdown, Bulova is now keeping better time than ever. Over the past eight years, the company has doubled annual sales, to $123 million, and increased earnings by 150%, to $3.8 million. Two men are most responsible for Bulova's improved fortunes. The first is General Omar N. Bradley, 74, who was brought into the company in 1953 by Arde Bulova, son of the Czechoslovak immigrant who founded Bulova as a small Manhattan jewelry shop in 1874. When Arde died in 1958, Bradley succeeded him as chairman. The following year, Arde's nephew, Harry Bulova Henshel...
...officials denied any implication that the shift would mean a permanent slowdown in desegregation efforts; indeed centralization might in time speed up integration of welfare programs and of nursing homes. Unquestionably, though, it will result in at least a temporary pause while administrative gears are shifted. For Gardner, one of the ablest and most popular Administration figures on Capitol Hill, the shift promises nothing but trouble. Asked if it meant "transferring the kitchen across the street"-putting the heat on him instead of Howe-Gardner smiled wanly and replied: "I wouldn't be surprised...
...reason that he has asked for the short cut this time is a general malaise in the French economy that affects both board rooms and sweatshops. It is accompanied by a slowdown of overall economic growth and by unemployment, which has recently increased by 20,000 to 370,000 in a country accustomed to virtually full employment. By July 1968, when tariff barriers between Common Market countries are brought down all the way, French industry will have to face increased competition, and it is believed ill equipped to hold its own. De Gaulle's bills aim at tightening...
Many Israelis complain that the slowdown has been too abrupt. Last month 7,000 jobless marched through Tel Aviv shouting "unemployment is no solution" and demanding "bread and work." Even Bank of Israel economists are charging that the country is "in a state of paralysis." Defending mitun, Sapir points out that his policies have cut the growth of consumer spending by more than half, narrowed the balance of payments deficit by 14% to $450 million. "Had we gone on for three more years as before," he insists, "we would have ended up in a catastrophe...
...testifying before the Senate Finance Committee in support of restoring the 7% tax credit on new plant and equipment, seemed worried about the possibility that the U.S. economy has perhaps cooled off too much. "There has been a slowing down," he admitted, "although I see no recession in the slowdown...