Word: slowdowns
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Much of the gloom has come from the financial pages of the daily papers, whose headlines tend to magnify any slowdown out of all proportion. One day last week, for example, the downbeat Wall Street Journal filled its front page with news of lower auto production, a reduction in electric power use, reports of low earnings and reduced dividends by four companies. Buried in the back pages were the first-quarter reports of 58 other companies, half of which had higher, or record, earnings. The same pessimism is shown by many other financial reporters. When University of Illinois Economist...
...others much of the trouble is a matter of semantics, a use of terms that often make a drop seem worse than it is. To answer talk about a steel "slump," U.S. Steel and Republic Steel distributed thousands of copies of speeches by executives pointing out that the slowdown was minor and that the industry still expected a good year. Even the facts about layoffs and shutdowns rarely tell the whole story. Says Cleveland Trust Co. Economist David C. Elliot: "You read about 200 layoffs here, 500 there, a shutdown elsewhere. They're confined to a few spots like...
This is Brooklyn's year--to lose. With the loss of Jackie Robinson and Carl Erskine, and the slowdown of Roy Campanella and Peewee Reese, the Bums are a shell of their former magnificent selves. The pitching of Don Newcombe, Don Drysdale, the aging Sal Maglie, and Clem Labine, plus the hitting of Junior Gilliam, Duke Snider, Gil Hodges, and Carl Furillo will keep the Dodgers in contention...
...Century Series" supersonic fighters, which currently comprise a big chunk of aircraft production. In the reduction, McDonnell Aircraft will probably make fewer F101 Voodoo fighters than it had hoped, is busy working on a family of supersecret missiles to take up the slack. Lockheed, too, may see some slowdown in orders for its sizzling (upwards of 1,300 m.p.h.) F-104 Starfighter. The Pentagon plans to close out several wings in the Air Defense Command and Tactical Air Command, some of which were to be equipped with F-104s. Yet Lockheed denies any cuts in planned F-104 production, reportedly...
...hoped to raise $20 million; before the end of 1957 it hoped to raise a total of $75 million designed to improve immigrant housing, speed up industrialization and "fill the gap in Israel's development budget created by the loss of other sources of economic aid [e.g., a slowdown of U.S. economic aid] during the present crisis...