Word: slump
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Dates: during 1970-1979
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...drop in production somewhat mystifyingly has not yet caused as much unemployment as economists would expect in an unmistakable recession. Arthur Okun, a member of TIME's Board of Economists, speculates that "businessmen may not be taking this slump seriously enough yet. They think it is temporary, and have kept people on payrolls," even though there is little work for some employees...
...which it gained equal footing with the men's, has tamed down a bit. Margaret Court, last year's Forest Hills winner, stayed home in Australia because she recently gave birth to her second child. Superstar-Entrepreneur Billie Jean King has lately been in something of a slump. Thus much of the suspense settled on the question of whether Chris Evert could complete her rapid transit from crown princess to empress of the sport. Grass is not her favorite surface, though that did not stop her from taking the Wimbledon crown this summer. But King's grit...
...freshman year adjustments curdled my stomach and made me yearn for the complacency of the West coast. We endlessly talked about Harvard's malignant llness and worried that we were especially susceptible to infection of the Harvard germ since we were already suffering from a mild case of Sophomore Slump. The seed of the well-known germ--ambition--could easily generate into a sick and competitive need to achieve, produce, and be known. We were depressed, felt oppressed by the confines of the "world's greatest university", and wanted to avoid becoming diseased at all costs...
...addition, inflating labor and material costs have jacked up the price of an average new house from about $30,000 to almost $36,000 in the past year. The industry's deepening slump is of critical significance because there has rarely been an economic recovery that was not paced by a surge in housing starts. Yet Michael Sumichrast, the National Association of Home Builders' chief economist, sees no relief in sight until inflation's back is broken...
...forbidding licensed security salesmen of member brokerage firms to take a second job. Lately, however, the exchange has had to greatly relax its longstanding rule against moonlighting. Reason: thousands of expensively trained sales specialists were leaving the brokerage business for other fields, as the stock market's deepening slump dried up commissions. Today, more and more securities salesmen who want to stay in the business and yet continue to eat are doing after-hours stints as bartenders, models, interpreters and retail clerks. There are limits. Exchange officials recently rejected a request from a sales man who wanted to work...