Word: slowdowns
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...encouraged by the Administration's attitude. Leonard's disingenuous remark several weeks ago that he would not have enough "bodies" to enforce desegregation encourages resistance, according to Gary Greenberg. Greenberg had been senior trial lawyer in the Civil Rights Division until Leonard fired him for protesting the slowdown in desegregation. He said: "The invitation to reopen the era of massive resistance is inherent in such an attitude. It makes it infinitely more difficult to bring about obedience...
Surviving a Slowdown. Burns has suggested that a recession might not be so bad. He has often said that the U.S. can survive a business slowdown, or even downturn, without necessarily incurring a sharp increase in unemployment. He reasons that the economy has become service-oriented, and that service workers are less likely to be laid off than those in manufacturing. Even in manufacturing, he thinks, shortages of skilled labor have been so severe that companies will continue to hoard workers rather than fire them as sales and profits decline...
...great is the desire for easier credit that some Wall Streeters had convinced themselves that the Government will have to ease monetary policy, and their wishful thinking helped to spur last week's rallies. Some brokers pontificate that the proliferating signs of economic slowdown or even coming recession will soon force the Federal Reserve to relax the squeeze...
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...