Word: slump
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Dates: during 1940-1949
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...high wages, heavy taxes and strikes pushed steel profits up, down and sideways. Wheeling Steel (garbage cans, roofing, etc.) boosted third-quarter profits 16%, nine-month profits 99%. Bethlehem, which was a defense early bird and therefore reached its earnings peak last year, saw this quarter's profits slump from 1940's $12,462,000 to only...
...thing should be in favor of the Crimson, though, and that is morale. After the Navy and Dartmouth games, Harvard was expected to slump against Princeton, and it did exactly that. Now the psychology experts figure that it will be on the upswing, while Army, which hit a real emotional peak against the Irish, should suffer a similar letdown, preferably Saturday afternoon...
...Some of its drawbacks: it removes all monetary incentives to increase production and efficiency; takes away one check on inflation, since corporations tend to be free with money that they cannot save for their stockholders; may leave corporations in a weakened financial position to meet the slump and unemployment that will come with peace...
That started a Dodger slump: they lost seven of their next ten games. Whitlow Wyatt, their best pitcher (when he strolls to the mound, some Dodger fan usually screams: "T'row it down d'eir t'roats, Whitelaw!"), lost three games in a row. Rookie Pete Reiser, who was leading the league in hitting, suddenly found it hard to connect. While Lippy's boys were losing nine out of twelve games, the Cardinals won nine out of twelve. Last week, St. Louis was on top by two full games. It looked like a dogfight...
...Japan as the nucleus. Private financing will be forbidden. A semi-compulsory national-savings plan will be inaugurated. Control of stock exchanges and money markets will be tightened. Available capital will be allocated "rationally" by the Government. At this news the Stockmarket went from a sag into a slump...