Word: slowdowns
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Saturday afternoon marks the first anniversary of the Great Slowdown, but this time, even a mass abduction of local youngsters may not help Penn. The Quakers are presently residing in last place in both the Ivy League and ECAC, and a flock of injuries and defections has reduced the Red and Blue to a shadow of what it was in December, and it wasn't much then...
...Department officials reported last week that the economy's growth ground to a halt in the last three months of 1969. The gross national product increased by $10.3 billion in that period but, after price increases were taken into account, there was no "real" growth. Other signs of slowdown were plentiful. In December, industrial production declined for the fifth straight month, and new housing starts dropped slightly to an annual rate of 1,245,000, which was the year's lowest point. At the same time, personal income made its smallest gain of the year. Just when...
...reason for the economy's slowdown is that U.S. consumers are beginning to strike back at inflation with their ultimate weapon: refusal to buy. U.S.-made cars are what consumers are most conspicuously not buying. Last fall, automen gambled that they could raise prices an average of 6% and still keep sales high. They lost. Though sales of less expensive imports continue to rise, dealers have sold fewer U.S.-made cars for the past three months than a year earlier. Sales were off almost 10% in December and 22% in the first ten days of January. Detroit reduced production...
...show no real gain. Personal incomes will increase by $8 billion in this year's first six months as a result of the decrease in the surtax and the increase in Social Security benefits; Government officials are counting on this infusion of cash to help keep the business slowdown from turning into a recession. But U.S. consumers may be waiting for better values before really opening their wallets again...
...when they varied the temperatures at both stations, for example, the atomic clocks did not respond in any way. Other checks seemed to eliminate atmospheric irregularities that might have affected the radio waves carrying the time signals between North Carolina and Washington. The experimenters also ruled out a time slowdown that might have been caused by the mass of the sun or moon. Totally baffled, they concluded that they had observed "a new phenomenon which does not have any obvious explanation...