Word: slowdowns
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...Economists, however, are confident that the rate of price increases will soon begin to slow. They insist that the "pause" they foresee, whether or not it qualifies as a recession, will remove inflationary steam from the economy. Says Okun: "The amount and magnitude and duration of the current slowdown will begin to affect the price and wage curves in the near future-not dramatically at first, not consistently, but will affect them. If they do not, I do not know what we are going to do. We will resign-or write new textbooks...
...pinch of a budget cutback. So it is with aerospace, which has become the nation's largest manufacturing employer, with 1,300,000 workers, mostly on the strength of Government purchases stretching back to World War II. Lately the industry has suffered a succession of blows: a slowdown in space exploration, a $6.9 billion cutback in Washington's defense budget, and a fall-off in orders for commercial aircraft. As a result, aerospace-men have come down with a severe case of what they call the "unk-unks"-the "unknown unknowns...
...Bruins at Providence last month. Harvard jumped to an early 19-5 advantage, and though it fell behind briefly during the second half, it pulled back ahead quickly and finally won, 79-67. Because Brown was never in control of the game. it never forced the Crimson to play slowdown basketball...
...companies in the best position to cope with a slowdown are those that were as cost-conscious during prosperous years as they are in the lean. One of the best cost-analysis programs is that of Continental Can Co., which in 1963 began setting annual goals of "method improvement." For example, instead of producing cans at one central plant and shipping them to customers-"moving a lot of air around the country," as one executive says-the company located its sheet-steel processing plants near the steel mills. Then it shipped the sheet, cut to size and printed with...
Wall Street had braced itself for fourth-quarter profit declines among the auto, oil, steel and chemical companies, but some businesses that had seemed almost impervious to economic slowdown also reported earnings declines. IBM, for example, showed the first quarterly earnings dip in ten years, causing a pronounced decline in the stock and general disenchantment with other "glamour" shares. Early reports leave little doubt that overall corporate pretax profits dipped from the third quarter to the last quarter of 1969, probably about 1% on a seasonally adjusted basis. Standard & Poor's forecasts a significant decline in the first quarter...