Word: slowdowns
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Dates: during 1960-1969
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Strange Bodies. Last week it became evident that the slowdown observed in the Crab may well be the rule rather than the exception among pulsars. Completing highly precise measurements on the first four original pulsars that they had discovered, British astronomers found that these, too, were running down -at the barely perceptible rate of about one beat in 10 million every year...
Though there are a few signs of a slowdown ahead, the economy so far has resisted all attempts to curb its expansive excesses. Congress belatedly passed a 10% income surtax in June, but production and demand-and prices -only kept moving higher. From November 1967 through last April, the Federal Reserve Board raised the discount rate three times, boosting it from 4% to 5½%, a 39-year high. The board later dropped the rate to 5¼% , but last week, declaring a new assault on inflation, it lifted the rate again to 5½%. Whether the rise will have...
These indicators raised expectations that the long-predicted economic slowdown would at last materialize early next year. If it does, says Economist Arthur Burns, Eisenhower's former chief economic adviser and now a key Nixon man, some sort of surtax reduction will be possible. On the other hand, a tax reduction could well touch off a new round of inflation. With the inflation threat obviously in mind, Pierre Rinfret, Manhattan economic consultant and another Nixon adviser, conceded in London last week that Nixon might conceivably have to retain the surcharge, or even raise taxes. "I don't think...
...they sold. Among exports, chemicals and transportation equipment (notably jet aircraft) have increased substantially, and recently foreign orders for durable goods have picked up. The threat of a mid-December dock strike has prompted many U.S. exporters to ship early. For the longer run, Washington is counting on a slowdown in domestic inflation, combined with an expansion of Western Europe's economy, to lift overseas demand still further...
...with five of his men. For all their noisy speeches, they could not persuade the spectators to turn against the police. As a benevolent Fink looked on, the rally soon fizzled out. Even when 20% of Fink's men called in sick during New York's police slowdown, East Village dissidents remained quiet-though the yippies gleefully passed out flyers thanking the cops for "a welcome example of disruption...