Word: slump
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Dates: during 1960-1969
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Music at Cash Registers. Around the country, corporate economists are hedging their earlier predictions of a slump. Said Ford's Henry Ford II: "I don't know of a single businessman who has talked in terms of a recession next year. That kind of talk has come from the economists. But you don't even hear so much of it from them any more." The automakers, of course, have more to cheer about than other businessmen: October's sales of 728,500 U.S.-made cars were the highest for any month in history (and more than...
After a postwar slump, the company came back on the jet stream. It developed a turbine that uses the energy of jet exhaust to cool cockpits in the heat of supersonic speeds. Garrett now supplies pressurization or air-conditioning equipment for military bombers, fighters and commercial jetliners including the Boeing 707 and France's Caravelle. On a Government contract it is also developing a nuclear-powered system to generate electricity during long space flights...
...Bank figured that earnings averaged 9% higher in this year's third quarter than in the same quarter of 1961. Almost every industry showed some gain: autos spurted 67%, electrical equipment and electronics 24%, textiles 19%, oil 15%. But the profit squeeze was still pinching. Profit margins usually slump in the slow, summery third quarter: this year they went down on average from 6.2? on the dollar during the second quarter to 5.6? in the third...
...auto plants received some 10% of all defense dollars. But the state has not kept pace with the demands of the electronics and missile age, now gets a meager 2.7% of defense spending. In addition, automation has thrown thousands of men out of work. Early in 1961, during a slump in auto orders, the unemployment rate in Michigan reached a shocking...
Rolls-Royce earnings are sure to show some drop this year because of the worldwide slump in aircraft production and a new British tax law severely limiting the depreciation write-offs that British companies can claim on the cars they buy for their executives. As a result, Rolls's 1962 auto production is unlikely to top 1,800 cars, v. 2,400 last year. But the company remains unworried about its prospects-partly out of confidence in its "think house." a converted country lodge where 20 Ph.D.-level scientists putter about in a small laboratory. Out of the "think...