Word: slump
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Dates: during 1970-1979
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...sights more dramatically mirrored the alarming slump in the nation's most important industry in recent months than the seemingly endless rows of spanking new unsold Chrysler cars cramming Detroit's huge Michigan State Fairgrounds. Then, two weeks ago, in a desperate move to boost sales, Chrysler began temporarily offering cash rebates to buyers of its new models-and set the stage for what amounts to one of Detroit's rare full-dress fire sales. Within a week, Ford rolled out a rebate plan of its own, and now the industry's giant, General Motors...
...troubled Administration, Gerald Ford adopted the somber tone of a wartime leader calling for an all-out effort to repel the enemy. Instead of skipping lightly over a broad spectrum of national and foreign policies, the President concentrated almost exclusively on specific means to counter the worst economic slump since the Great Depression, the nation's almost 14% rate of inflation and the U.S.'s dangerous dependence on cartel-controlled foreign oil. Displaying the blunt candor that is his most politically attractive quality, the President proclaimed himself the bearer of "bad news," declared flatly that "the State of the Union...
...What did Nicholas "Miraculous" Butler, president of Columbia University, predict would "end the slump...
...there has been no refuge from the boyish image, because with the peach-skin complexion and endless energy, Horowitz seems younger at 32 than most of the undergraduates in his electronics course, Physics 123. While they slump unshaven and bleary-eyed on their lab stools on the second floor of the Science Center, Horowitz stalks the room in short, quick steps, like a freshly-scrubbed Boy Scout armed with a calculator instead of a pocket knife. He pushes aside his thick, perpetually mussed hair, and talks in bursts about electronic circuits and gadgets...
...high, has cut deeply into some professions. "If you take the No. 6 bus on Thursdays," observes Architect JØrgen Andersen, 39, "it is full of architects on their way to the unemployment office." (Andersen himself will be laid off by March 1.) They are casualties of the slump in the construction industry. Other industries particularly hard hit: textiles, meat-packing and car assembly...