Word: slowdowns
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...Plant-expansion slowdown and the consequent cut in spending: $3 billion. ¶ Inventory buying, accelerating at the rate of $3 billion annually, turned completely around in October and was decreasing at a lightning-fast $7 billion rate in January as businessmen lived off their warehouse stocks. Cut in demand: $10 billion. ¶ Total cut in spending rates: $21 billion...
What's wrong with the auto industry? Since one in seven U.S. workers depends on the auto industry, Detroit's slowdown is largely responsible for the drop in steel and dozens of other important industries, and is one of the prime reasons that the nation's economic recession has gone...
...Liberals, who governed Canada for 22 years until last June, prepared to blame the Tories for Canada's business slowdown and rising unemployment and to accuse them of mishandling relations with the U.S. Neither major party is remotely anti-U.S., but the Tories traditionally cherish stonger ties to Britain; soon after taking office, Diefenbaker called on. Canadians to transfer 15% of their U.S. purchases to British suppliers...
Bending a Rule. The exertions of the winning 1956 campaign, piled on top of the President's two illnesses, dampened the Administration's drive in the second term-and made Jim Hagerty's job that much harder. Although the slowdown was yearlong, it got talked about most during the President's frequent vacations and long Gettysburg weekends. Hagerty struggled valiantly and, to a point, successfully in stressing work over play. He took with him on trips briefcases full of executive orders, appointments, etc., and parceled them out daily to make news under the Augusta or Gettysburg...
...noisy three-day convention watched by a nationwide TV audience of millions, speakers hotly accused Tory Prime Minister John Diefenbaker of antagonizing Canada's best customer, the U.S., with talk of diverting trade to Britain. The speakers linked the Conservatives' trade policies with Canada's economic slowdown and fast-rising unemployment...