Word: sluggish
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...Paris, stock values climbed an average 10% during August, blue chips have gone up by an average 25%, and some (such as Rhone-Poulenc and Michelin) skyrocketed by 40% or more. Yet the French economy remains in the doldrums. Unemployment is high, industrial production is sluggish, and most French businessmen are worried about the July 1, 1968, deadline when disappearing Common Market tariff barriers will expose them to harsher competition. Reasons for the stock climb: Bourse prices simply got so low that they began to look like bargain-basement buys to investors throughout Europe; the French government intervened to inspire...
...primary, he faces a strong challenge in the November election from Republican Candidate Seth Taft, 44, grandson of the 27th President and cousin of Congressman Robert Taft. A lawyer, Taft wants to bring municipal government closer to the people with 15 "branch city halls," promises to revitalize a sluggish urban-renewal program. He is an energetic and knowledgeable campaigner who would probably attract many normally Democratic votes on ability alone. But, in a race with Stokes, he would probably also attract many other Democrats who could just not bring themselves to vote for a Negro...
...helped the economy. For example, the cash piled up in savings accounts has expanded the supply of mortgage money, which in turn has helped revive the home-building industry. On the other hand, the money in the bank has held retail sales and auto purchases to a relatively sluggish pace...
When President Kennedy planned a tax cut in 1963 to stimulate a sluggish economy, he coupled his proposal with various tax-reform measures. It was a big mistake; Congress, the Executive, and lobbyists spent months haggling over the measure. President Johnson, who must have learned from the experience of his predecessor, is currently planning to propose tax reforms independently of his proposal for an income tax surcharge...
...nation's sluggish economic activity from January to June this year has led critics to fear the recessive potential of a tax hike. But Gardiner Ackley, chairman of the Council of Economic Advisers, has said recently that there was "no longer a significant risk" of recession to block a tax hike. Rather, he added, an income tax increase has become essential to hold down prices and interest rates...