Word: slowdowns
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Detroit's new .cars were not only big news to the industry and its faithful public; they were even bigger news to the U.S. economy. From Wall Street to Main Street, the hopes and fears of those fretting about a business slowdown (see Wall Street) focused around the new models and gave renewed emphasis to the old saying: "As the new cars go, so goes the new year." Exaggerated as that might be, the eagerness with which the public buys the new cars may well mean the difference between a good or a great year for U.S. business...
...billion backlog of orders. Boeing faces the deferment of more than $350 million in payments due for the rest of fiscal 1958. If the Air Force sticks to its new schedule, and the company cannot expand its $100 million bank credit, Boeing will be forced into a major production slowdown, says senior Vice President Wellwood E. Beall. Boeing is already closing its 1500-worker plant at Everett, Wash.; it has chopped employee overtime, temporarily abandoned a new preflight hangar at Moses Lake, Wash., reduced its shop supply inventory, and cancelled its Christmas party this year...
Steelmakers got up out of their summer slowdown and pushed operations to 82.7% of capacity. For the rest of the year mills are expected to pour about 85% of capacity, may well crack 1955's alltime production record of 117 million tons. Said Iron Age: "The looked-for upturn in steel is under way, and will reach a peak in late November or early December...
Victor Ibbotson jogged through a slowdown lap, gulped a pint of milk, said the race had gone according to plan. "I wanted a fast time because that's the only way to beat Delany, since he's a fast finisher." Gasped Delany: "A fabulous race. I shall dream about it for years...
Supply & Demand. While Congress acted to make more mortgage money available, builders and bankers argued whether the housing slowdown is primarily due to tight money or to a more basic slump in housing demand itself. Speaking to bankers in Buffalo last week, President George S. Goodyear of the National Association of Home Builders declared that it was largely due to tight money. Countered Manhattan Life Insurance President Thomas E. Lovejoy Jr.: "The supply and demand for housing has more to do with the drop in starts than high interest rates. Since 1948, we have been building so many houses that...