Word: slowdowns
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Much of the slowdown stems directly from De Gaulle's dirigisme-direction from above-in the form of the economic stabilization plan imposed in September 1963 to fight inflation. By freezing most prices, curtailing credit and reducing tariffs, the government successfully slowed French price increases-which had been averaging 5% per year-to only slightly more than 2% in 1964. Another effect was to so discourage business expansion that the French economic growth rate, which De Gaulle aims to stabilize at about 5% annually, is likely to be only...
Edward Logue, director of the Boston Redevelopment Authority, voiced other criticisms of Johnson's suggestions. Logue evaluates the limited funds proposed for urban renewal as "very disappointing." "If this amount is approved by Congress, it will mean a slowdown in all our renewal programs," he said...
...drive all the way downtown without seeing the needle push above 40 p.p.m. During weekday rush hours, though, it sometimes hits a peak of 120 p.p.m. "It is most exciting," says Haagen-Smit. "You get behind another car, and the pointer goes way up, especially where you have a slowdown of traffic." Top readings come at the nightmarish interchanges, where curling roadways tangle like spaghetti on a fork and hundreds of car engines pant in frustration. "Tunnels and depressions concentrate the carbon monoxide," says the professor, "but in that interchange area it's really stinking...
NIRVANA (Atlantic). Flutist Herbie Mann and Pianist Bill Evans stage a slowdown, giving a performance that is either extremely cool or simply congealed. There are some pleasant Oriental overtones but scarcely a beat, let alone a pulse, in most of the pieces (Willow Weep for Me, Mann's Nirvana); Cole Porter's I Love You is a cheerful exception...
Shortages Ahead. Power nationalization has only compounded Italy's many economic woes. It has scared off investment in industry, helped to send the stock market into a sharp downward spin and contributed to a marked slowdown in Italy's industrial growth. ENEL now faces the task of continuing a high-voltage expansion program just when money is scarce and it is burdened with annual compensation payments of $350 million to private industry. Last week ENEL was forced to turn to foreign markets in an effort to borrow the money it badly needs...