Word: slump
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Dates: during 1960-1969
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...first skirmish between Kennedy and Mills on the reform issue took place last summer when, with the economy showing signs of slump, Kennedy considered calling for a "quickie" tax cut. Mills and Secretary Dillon, allies for tax reform, held firm against a hasty tax bill, and Kennedy discarded the idea. But he still committed himself in public to tax reduction "to take effect as of the start of next year." To get early tax reduction through Congress, Kennedy planned on a two-package approach?cuts in one package, reform in the other. Again Mills balked, and again Kennedy revised...
Standard's unexpected triumph stems from an infusion of new management and new ideas. Two years ago, faced with enormous retooling costs and an ominous sales slump, the Coventry automaker succumbed to a takeover bid by Leyland Motors Ltd., Britain's biggest truck and bus maker. Leyland's laconic Chairman Sir Henry Spurrier, 64, follows a simple creed. "We don't run risks," he snaps. "We run Leyland." Sir Henry introduced the new regime at Standard by easing out former Standard Boss Alick Dick, 46, the imaginative onetime boy wonder of the British auto industry...
There were. Dr. Krystal admits, some reasons for the market's slump that at first sight appear purely financial. But these realities, he insists, came into play only in a way dictated by the emotional needs of the investors. Many speculators, says Dr. Krystal. use the stock market as an outlet for their aggressive impulses. It is one place where they can make "killings" without conscious guilt. But at the deeper, unconscious level, he argues, the guilt builds up along with the wealth, and every boom must inevitably be followed by its reaction of widespread emotional depression that leads...
...Light-skinned African." Rupert believes in the twelve-hour workday, has been known to hole up in a London hotel suite for six solid days, running one business conference after another without ever going outdoors. Suave and friendly in social situations, he is blunt about business. Once during a slump in cigarette sales in South Africa, Rupert called in his salesmen and told them that if the slump continued, he would fire them before he fired production workers. Sales picked up almost immediately...
...system, as it gives a dean more continuity in her relationships with students. Mrs. Jacquelyn Mattfeld, East House dean, points out that "we take students from the cradle to the grave academically. Under the old system, one dean dealt with picking fields of concentration and taking students through sophomore slump...