Word: sluggish
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Troubles have piled up in Toyland partly because the economy has been sluggish. A toy is an easy purchase to put off. But some of the difficulties trace back to last year's Christmas season. In anticipation of high sales that did not develop, retailers stocked too many toys, especially Mattel's Hot Wheels, a combination of plastic tracks and miniature metal cars. Loads of Hot Wheels are now cooling off in warehouses or often being sold for six for $1, whereas one alone used to cost that much. Wary of being burned again, merchants have reduced their...
...thing, the sports compacts got too big and expensive. Since 1964, the Mustang has grown 8 in. longer, 6 in. wider, and 630 Ibs. heavier, and its price has risen by $400, to about $2,800. Moreover, Government-required pollution-control devices are making the sporty cars sluggish. The toughest blow has come from the insurance companies, which have steadily raised the premiums on drivers of "high-performance" cars, including the sports compacts, because they-or at least their drivers-tend to be accident prone...
Whoever wins the election will face an uphill battle to turn the nation's sluggish economy around. In the mid-1950s, world demands for Uruguay's two major exports, wool and beef, fell off sharply. Since then, inflation has soared 9,000%. Between 1956 and 1968, the country's gross national product fell 15%. Its social welfare programs, once a model for the world (by 1915, Uruguay had instituted the eight-hour day, free medical service and compulsory education), have bogged down in a lumbering bureaucracy. A quarter of Uruguay's 1,000,000-member work...
Gathering Momentum. By far the most important force dragging down rates, however, is an imbalance between money supply and demand. Despite recent tightening, the Federal Reserve has pumped large quantities of lendable funds into the economy this year. But loan demand from business has been sluggish, a reflection of the slow pace of recovery from the 1970 recession. With more money to lend than their corporate customers seem to want, bankers have cut their "prime" rate on business loans from 6% to 5½%. Rates on commercial paper-promissory notes sold by business to raise short-term cash -have fallen...
Yale's outstanding tandem insides Sherrill and Anderson took advantage of Harvard's sluggish defense by shooting or assisting for two more goals. Ten minutes into the second period Anderson passed between the Crimson halfbacks to Sherrill, who drove through to score. Shortly after the half Anderson made another assist, this time passing to Mike Georgieff...