Word: slump
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Dates: during 1950-1959
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...United Nations General Assembly reverberated last week with protests from the world's tin-producing nations against Russian dumping of tin on the world market. Delegates from tin-rich Bolivia, Malaya, Indonesia and Thailand complained bitterly that a price slump caused by Russian dumping threatened to undermine their economies. The trouble was not confined to tin producers; for many a nation economically dependent on a single metal or commodity, fluctuations in price and demand have become an economic nightmare...
...kind of black-and-white issues that favored Conservative Alessandri and Socialist Allende. Though outgoing President Carlos Ibanez struggled to hold the shoestring republic's frayed economy together, he leaves 170,000 unemployed out of a 2,000,000-man labor force, 1,000,000 homeless, a 10% slump in industrial production, an external debt of $718 million. Defeated Socialist Allende missed not a drumbeat. He promised welfare statism for all and an escape from "foreign capitalistic imperialism" into the never-never land of steak and wine that trade behind the Iron Curtain would bring...
GOLD OUTFLOW from U.S. in 1958 has topped $1.76 billion, more than any full-year drop in nation's history. Movement is caused by recent recession, slump in exports, investors' flight from dollar...
...thing that might affect union strategy was an abnormal slump last week in new-car sales. Despite the fact that output has been low-4,288,907 cars this model year compared to 6,212,291 in 1957-the backlog of cars in dealers' hands was still high. With production cut back, the United Auto Workers had expected a quick sellout of 1958 models with resultant pressure on the companies to settle so that the dealers could get 1959 cars to sell. But with car sales sliding, the cleanup of 1958 cars will take more time than expected...
...Rush and Bob Buhl would soon put Milwaukee out front. But while the Yankees ran off and out of reach of the rest of the American League by late May. the Braves bumbled along into August without showing championship form. After a fine start, Spahn ran into a temporary slump. Burdette could not manage to win consistently. Conley has yet to win a game. Rush did not finish a game in twelve straight starts. Buhl came up with a shoulder injury, has not pitched since May 13. But Manager Fred Haney's youngsters, carefully nurtured in the talent-rich...