Word: slowdowns
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...said he would let Congress cut anywhere it wanted. Neither side seems likely to give in any time soon. Some key figures in the dispute think that the whole matter will be left up to a new Congress and a new President. Meanwhile, the economy spurts ahead, with no slowdown in sight...
...even larger share of the war's burden is, thus, about to be shifted onto Negroes. The ghetto will be directly hit by the curtailing of federal programs, but the unemployment resulting from a slowdown of the economy may have an even greater impact. Negroes have always been the first to be laid off as firms react to a decelerating economy, and it is probable that the number laid off will peak sometime during the summer. If the President and Congress were trying to build riot potential, their timing could scarcely have been better...
...lucky enough to still have one. Because of the curtailment of working hours, there is far less economic activity. Some 20 freighters, for example, are lined up in the river waiting to be unloaded. The lack of these imports means fewer jobs, smaller pay packets. Partly because of the slowdown, hundreds of small businessmen have gone broke. As a result, the Saigonese have less money to spend at a time when they need it most just to keep alive...
...effort to build a supersonic jet transport has been buffeted by technical, financial and political turbulence. The resulting delays have already set back development of the plane by at least a year. Last week the Johnson Administration let it be known that the SST faces a further slowdown, which will keep it from entering airline service at least until 1976 or '77, instead of 1974, as originally planned...
Despite such assurance, aviation circles put a good part of the blame for the slowdown on politics. The program remains a prime target for a vociferous and growing minority. "A toy for the international jet set," Wisconsin Democrat William Proxmire called it in a Senate speech last fall. In his budget for the fiscal year starting next July, President Johnson has already trimmed his request for SST funds to $223 million, an $80.6 million increase from fiscal 1968 but only half of the boost that the Administration proposed last summer. Slowing development further would mollify congressional economizers by permitting additional...