Word: slowdowns
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Dates: during 1960-1969
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Chains on Baby Carriages. The consequences of the economic slowdown touch everyone. Czechoslovakia's distribution system is verging on collapse. Women must rise at dawn to search for fresh meat; eggs are often difficult to find in the cities. For long weeks during the summer, lack of railroad cars tied up 3,600 tons of meat and 105,000 tons of other Soviet goods at the border transfer point of Cierna. No one is starving, but Czechoslovaks returning from trips to Germany and Austria carry suitcases stuffed with food...
...taxable for many individual investors. Banks, which normally buy 70% to 80% of all municipal bonds, would continue to collect tax-free interest, but their officers fear that if the bill is finally enacted it will be only a matter of time before that exemption is limited, too. The slowdown in municipal-bond sales has produced something close to a revolt among governors, mayors and county officials. Several of them appeared before the Senate Finance Committee last week to denounce all proposals to tax municipal-bond interest...
...peace dividend to what is known as the "growth dividend," resulting from the normal expansion of the U.S. economy. Rockefeller reported that a study commissioned by the Governors Conference Committee on Human Resources, which he headed, had produced some interesting figures. Never mind whether any money comes from the slowdown in Viet Nam; the study projected that federal revenues would increase by $15 billion in 1970, $16 billion in 1971, $18 billion in 1972, on up to $20 billion in 1976. Cumulatively, these federal revenue increases would total $125 billion by the end of 1976. The money, said Rockefeller, could...
...circulation plus demand deposits in commercial banks, has grown since the end of 1968 at a 1.5% annual rate, or 1% for the year so far. Under the prevailing theory that money supply controls economic growth, and ultimately price levels, that would seem gradual enough to portend a slowdown soon in the pace of inflation...
...mean that the swift rise in the U.S. cost of living may not begin to slacken markedly until January. The date represents a considerable stretch in the Administration's former timetable for halting soaring prices. As recently as June, the White House was promising such signs of economic slowdown any time after midyear. In two talks during the week, however, McCracken counseled the nation to be patient...