Word: slump
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Dates: during 1960-1969
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...Boston Tea Party. Individual Americans are pointedly dropping France from their holiday tours, and some are refusing to fly Air France. For the first time, U.S. visitors to Britain in 1967 outnumbered tourists to France-by 100,000. Cote d'Azur hotel owners complained of a 20% slump in reservations last summer. Lately there have been some cancellations by American Jews incensed by De Gaulle's chutzpah. At Sage's Chicago restaurants, notices urge customers not to buy French wines. California wine growers are enjoying a record year, in part because some bibbers are switching from...
...company's sales, a record $3.16 billion in 1966, are expected to be off by at least 3% this year. Earnings could be down by as much as 24% from last year's $389 million. A main source of that slump is lagging profits in the synthetic-fiber business. Accounting for about one-third of Du Pont sales, synthetics have been hurt by a slowdown in the textile industry caused largely by rising imports and falling prices. While Du Pont continues to base hopes for recovery on its huge research budget ($110 million a year), McCoy realistically admits...
Despite alltime-record output of wheat, rice, feed grains, soybeans, pea nuts, sugar cane, meat, poultry and eggs, America's 3,000,000 farmers will pock et 10% less income this year than in 1966. After six straight years of rising income amid inflation, the slump in prices gives the farmer less net purchasing power than he has enjoyed since mid-Depression 1934. While complaint has always been their bumper crop, U.S. farmers last week threatened to beat their plowshares into swords...
...world's oldest existing automaker -Daimler cars first appeared in 1886 -Mercedes' preparations have been as solidly engineered as its cars. Going into 1967, the German industry was hit not only by the general business slump but also by a sharp change in the home market; as the once big postwar pool of first-time buyers emptied, automakers had to adjust to the slower pace of replacement sales. Going against the trend, Mercedes has aimed its 15 high-priced, high-performance models which hold 7% of the German market, at "men who have achieved something...
Jergesen, the team's only acknowledged star, has the technique and speed to be all-America in epee this year, according to Coach Marion. "He's dynamic and aggressive, a real fencing temperament," Marion said. Jergesen was first team all-Ivy two years ago but slipped into a slump his junior year. But at the end of the season he came surging back to win most of his bouts in the final matches...