Word: slowdowns
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Both the housing and plywood industries blamed their slowdown on a tight money market, but last week the Federal Reserve Bank permitted more banks to expand their lending capacity, continuing a definite easing of money policy that has quietly been taking place...
...Slowdown. Looking at these signs of strength, top industry and Government economists attending the semiannual meeting of the Commerce Department's Business Advisory Council forecast that strong consumer demand will carry the U.S. economy through 1960 and the first months of 1961 without any slowdown...
...Korea announced that Syngman Rhee's face would be removed from bank notes. One group of students filed formal charges against Rhee (and 161 former Cabinet ministers and Assemblymen) for "criminal irresponsibility" in rigging the constitution to keep himself in office. Alarmed, Acting President Huh Chung urged a slowdown in the purging, only to be accused by the press of "preserving a corrupt bureaucracy...
Checking the Flow. The big reasons for the U.S.'s bigger trade balance are: 1) a reduction in steel imports following the end of the strike, 2) a slowdown in foreign auto imports, and 3) a pickup in exports of autos, trucks, machinery, aluminum, raw cotton and other commodities. The growing success of the campaign to export more was reflected by a big drop in the outflow of gold from the U.S. in the first quarter. In the first quarter last year, the U.S. lost $92 million in gold. Last week the Treasury reported that in the first quarter...
...case involved a slowdown called by the Insurance Agents' International Union during a contract dispute with the Prudential Insurance Co. in 1956. The union did not call a strike, but urged its member-agents to snipe at the company by refusing to write any new business, work scheduled hours, or make required reports. Prudential filed an unfair labor practice charge that was upheld by the NLRB, but subsequently set aside by the U.S. Court of Appeals and appealed by the NLRB. In the meantime, Prudential reached an agreement with the union, signed a new contract which it renewed last...