Word: slowdowns
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Dates: during 1960-1969
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Extravagant Charade. The Pressmen, on the other hand, have what amounts to a built-in reason for a slowdown. Their new president, William Kennedy, took office just last week; and since he must run for re-election in only a year, he has every reason to put on at least as tough a front as his predecessor at the bargaining table. As expected, Kennedy presented the publishers with a new list of extravagant demands; as expected, the publishers insisted that the demands were impossible to live with. That charade was expected to last a week...
...good first quarter, on unexpected cost increases caused by rapid expansion, and an acute shortage of seasoned aircraft workers. The company has not only been forced to undertake expensive training programs but to hire 31,000 employees in six months. Most of all, Douglas has been hit by a slowdown in deliveries of Pratt & Whitney jet engines, diverted to fighter planes bound for Viet Nam. As a consequence, Douglas expects that it will have to delay until next year the completion of up to three DC-8s and 15 DC-9s anxiously awaited by airlines. During 1966, says President Donald...
...went out with a broken gearbox after only ten hours, and the last of the Ferrari factory prototypes ground to a stop six hours later with a blown head gasket. With Fords running one-two-three and no more challengers in sight, Team Manager Carroll Shelby ordered a slowdown. Then Beebe got an inspiration. To make the inevitable Ford victory all the more impressive, he decided to stage a deliberate dead heat between the leading Mark Us-No. 1, driven by Miles and Denis Hulme, and No. 2, piloted by New Zealanders Bruce McClaren and Chris Amon. Headlights blazing...
Inflation by Anti-Inflation. The April figures would certainly suggest that inflation is no longer nearly so inevitable as it seemed only a few weeks ago. Yet no sooner did the slowdown statistics come through than out came the cost-of-living index. It is based on the U.S.'s last significant inflationary period-1957-59-and for April, as it had in the three previous months, it showed an increase. This time the index was up by 3.5%, to a level of 112.5, meaning that last month it required $112.50 to buy what a consumer was able...
...MILLS B. LANE JR., president of Atlanta's Citizens & Southern National Bank: "You know we Americans always overdo things, whether it's an ice cream cone or Scotch and soda. In not too long, we'll be looking for ways to stimulate the economy. The slowdown is beginning already...