Word: slump
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Dates: during 1970-1979
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Harvard coach Cooney Weiland tried to bring the third line out of its costly slump by shaking it up against Princeton. Bobby Havern was benched for most of the night, and sophomore Jay Riley now seems to have secured a spot on the line...
Redrawing the Rules. Taken together, last year's congressional actions strengthen the ties that bind Government and business together. With securities insurance added to long-existing mortgage and bank deposit insurance, Washington's total financial liability in a serious economic slump could conceivably reach an astronomical figure. Still, despite its controversial habit of subsidizing transportation, housing, farming and shipping, Congress so far shows little inclination to rescue individual companies except to preserve vital national services. Lawmakers last year made no move to bail out film makers, conglomerates or airlines...
...official referee in such matters is the private, nonprofit National Bureau of Economic Research, which judges by scrutinizing real gross national production, unemployment, corporate profits and other indicators. N.B.E.R.'s experts are now strenuously debating the correct label to place on the slump. Says Vice President F. Thomas luster: "We're right on the fine edge between calling it the most severe downturn that was not a recession-or one of the mildest recessions since World War II. It could go either...
...pumping gas in San Francisco, the top Nevada broker who works as a short-order cook in Reno, and the uncounted troop of Wall Street casualties who drive taxis in New York City. But there is a resilient breed of ex-brokers who have rebounded from the stock market slump by starting lucrative new careers. Though their ventures vary widely, the once-busted brokers are united on one point: even if the Dow-Jones average doubled in a year, they would never go back to the market...
...surprisingly, the game was aggressive and occasionally sloppy. Cornell had to win to keep its recovery from early losses alive and preserve its winning streak at Lynah Rink. Harvard had to win to snap out of its slump. Both teams were tight and their clearing mistakes showed...