Word: slowdowns
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Dates: during 1960-1969
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...President's liberal critics, moreover, sometimes seem readier to fault him than Moscow; his impending Rumanian trip, for example, was denounced as a mistake by his opponents while apparently not ruffling the Russians at all. The Soviets appear eager for better relations, and the prospects for a slowdown in the arms race look better than they have in years. Last week, in what may be the beginning of a worldwide drawdown, the President announced that 14,900 troops will be brought home from various stations abroad...
NERVOUS about inflation, tight money and the prospects of a business slowdown, Wall Street has more than enough to worry about these days. But last week the words and deeds of some very important people further unnerved investors. At the U.N., U Thant reported that fighting along the Suez Canal had erupted into "open warfare." It was the kind of news that Wall Street hates. In the U.S. Senate, Finance Committee Chairman Russell Long raised prospects of a long delay before action on extension of the surtax, and Wall Street was bothered even more. Most disturbing of all, Treasury Secretary...
...further depressed by a cutback in capital spending at Chrysler and news that retail sales dropped in June for the second straight month. These indicators might bring some cheer to the Federal Reserve Board, which has been desperately looking for evidence that its restrictive money policy has produced some slowdown. But New York's First National City Bank warned in its latest economic letter that, "to hold fast to a restrictive policy until the signs of an economic downturn are unmistakable means that the policy will have gone too far." Reason: economic indicators do not clearly signal a recession...
...evidence for some time now, but I still want another month before I take out the trumpet and start to blow it," said William Butler, vice president of the Chase Manhattan Bank. His caution was echoed by other business and Government economists. The leading indicators, however, reveal a significant slowdown in construction, commitments for new plant and equipment and general investment activity. Retail sales have flattened in recent months, and the actual volume of sales-discounting inflation-has not risen at all over the past year. The evidence suggests that consumer demand, which has been partially responsible for inflation...
...should crack down, the fedayeen now have a powerful outside friend, China, which has offered them "full and unqualified support" and "volunteers" if needed. Last week China seemed closer still to getting a substantial foothold in the Middle East. The government of Syria, evidently angered at Russia's slowdown in arms deliveries, dispatched to Peking a delegation headed by Chief of Staff Major General Mustafa Tlas. One possible result of that mission would be an agreement to supply Syria with arms, thereby giving Peking its first substantial influence over a Middle East government -in the same way that Moscow...