Word: slump
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Dates: during 1960-1969
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...Despite slump tendencies, though, the club did compile a worthy 15-6 record, and came on with finesse in May to capture the Greater Boston League crown for the second successive year. The insertion of sophomore Mike Patrick into the lineup apparently provided the needed tonic...
These days, they blame Britain's cruel winter of 1962-63, its housing shortage (which is little better in Australia) and the recent economic slump (though few who leave are unemployed). But the biggest single reason for the exodus seems simply to be that the young and the talented feel restive and repressed in today's diminished Britain. For them, as for their ancestors who set out to conquer an empire, opportunity is a ship that leaves Southampton...
...Golden Mean. Perhaps the most interesting development in the new economy is that businessmen have become disillusioned with the prospect of an old-time flash boom, whose excesses have inevitably led to a slump. Businessmen now feel that a boom, like pride, sows the seeds of its own destruction; they would rather have steady, solid growth. Says Metropolitan's Fitzhugh: "It would be healthier for us if we didn't have a boom...
...from 300 to 11,000 in eight years, and is forecasting demand faster and more accurately, making sharp swings in inventory unnecessary. As a result, recessions are becoming briefer, shallower and less frequent, and periods of prosperity are lengthening. In the 85 years before World War II, the average slump lasted 21 months; since then it has shrunk to ten months, while the length of the typical peacetime recovery has increased from 25 months to 32 months. Perhaps the recoveries are more moderate, but businessmen are coming to believe what Seneca said 20 centuries ago: "Moderate things endure...
...canny budget (TIME, April 12) will have boosted production, whittled unemployment and put extra spending money in lower-income pockets. In fact, many Tory M.P.s now fear that if the government waits until next year before calling the election, it may lose its gains in another winter slump and have even less time for recovery before its five-year mandate expires in October...