Word: sluggard
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Dates: during 1960-1969
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...strike, Death! You sluggard, you sleeper...
Steel Is the Key. What happens for the rest of 1960 depends very much on the steel and auto industries. Just as the 1958 slump was essentially an auto slump, so 1960's sluggard economy has been further braked by the poor performance in steel. Last week steel production was scheduled to decline again, run at 53-8% of capacity. The big hope is that brisk sales of 1961 car models later in the year (see below) will give a boost to the lagging steel industry, thus move the whole economy off center. Since January, reported the First National...