Word: slowdowns
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...sounds it produces. The surge of Christmas shoppers into the nation's stores last week assured retailers of the biggest selling season in history (up 6% over the 1963 Christmas season) to end a prosperous year. Other businessmen, some of whom have been fretting about a possible slowdown in 1965's second half, seemed affected by the holiday glow...
Quite a few experts are warning businessmen against talking themselves into a slowdown. "The majority of forecasters are too pessimistic," said James O'Leary, vice president of the Life Insurance Association of America, in a speech in Manhattan. The speculation about a leveling-off in 1965 has already led to a certain nervousness, notably in the stock market. Since reaching an alltime high of 891 four weeks ago, the Dow-Jones industrial average has retreated 27 points. Depressed by all the talk, as well as by Britain's financial crisis, it fell 6½ points last week...
...Shame, for Shame." Others were not so resigned. "For shame, for shame!" cried Congressman Wright Patman, chairman of the House Banking Committee, who went on to predict "a marked slowdown in our economic growth" as a result of the hike. The A.F.L.-C.I.O. executive council complained that the move would discourage borrowing by consumers and business alike. Coming at a time when many businessmen were beginning to wonder aloud whether the U.S.'s 45-month economic upswing could continue much beyond mid-1965, the discount-rate hike also raised fears among many businessmen of a recurrence of 1960, when...
...Ferrari snarled down the straightaway past the finish line, coasted through a slowdown lap, and eased into the pits. What's this? wondered Driver John Surtees when mechanics swarmed round, hugging, kissing, pounding him on the back. Then they began chanting "Campione del mondo! Campione del mondo!" and Surtees finally got the message. "Oh," he said...
Roomier & Racier. Taking a cue from the U.S. competition, the Europeans are bringing out more new models and moving to somewhat greater size. Despite the Italian slowdown, Fiat is doing better than last year because of the success of its recently introduced "850" model, which is roomier, racier and more luxurious than the standard small Fiat; sales have reached 1,000 a day. British Motor Corp. has brought out a new Austin "1800" model to compete against Ford's Cortina and G.M.'s Vauxhall Viva. In Germany, the larger Volkswagen "1500" has made up some of the sales...