Word: slowdowns
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There are sound reasons, say the doctors, for a slowdown in cutting the umbilical cord. Delay allows a gradual change from fetal to regular circulation without putting stress on blood vessels in the lungs and elsewhere in the body. The carefree manner in which the newly born infant is "disconnected" from his mother, concludes the report, "is in sharp contrast to the meticulous care with which the thoracic surgeon separates his patient from the heart-lung machine...
...Strong medicine has not cured all that ails SIAM. It must still import such simple parts as windshield wipers (paying 250% duty) because the local product is so shoddy. Last year a Peronist-oriented union, pushing for wage increases, led a slowdown that temporarily reduced automobile output from 36 cars to four cars a day. But retrenchment has left SIAM lithe and ready for fresh expansion. With the philosophy of a patriot who feels that Argentina has only one way to go, Clutterbuck says: "My country is at the bottom of the hill. Now we start to climb the other...
...million budget deficit, has been forced to raise cigarette and gasoline taxes and promise to raise fares on its debt-ridden national railways to qualify for a $50 million IMF loan. Inflation-racked Indonesia wants $30 million, and the IMF will probably demand a stern austerity program and a slowdown in military spending.* Seeking $100 million, nearly bankrupt Brazil has pledged to cut its rate of inflation in half this year-from 60% to 30%. But that is not enough for the IMF; though most economists consider it an impossibility, the IMF is insisting that Brazil slash inflation...
Despite all this, no one, including Stahl, was prepared to argue that 1962 was a recession year in the literal sense. Instead, businessmen talk of a slowdown, for which they have some fancy names. Jessie C. Clamp, director of corporate planning for General Mills, calls it a "rolling reconsideration of investment desires...
Despite West Germany's current economic slowdown, German industry's most famous product is still speeding along fast enough to puncture a few egos in Detroit. In a letter to his shareholders last week, Volkswagen Chairman Heinz Nordhoff, 63, announced that the company's 1962 sales seem certain to reach $1.4 billion-a 25% increase over 1961. The total number of Volkswagens produced this year will be well over a million, which will put VW second only to G.M.'s Chevrolet Division as the world's biggest producer of a single make of auto. Biggest...