Word: slump
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Dates: during 1970-1979
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...pickup in business spending for new plant and equipment. Corporations are expected to increase capital investments this year by 16%, but the rise is a mixed blessing. If, as expected, capital spending continues fairly strong through the early part of the recession, it will help cushion the slump. But if a capital investment boom develops, it could delay the recession and ultimately make it worse...
...good news on Carson was balanced off by a continued slump in the news division. Weekend magazine, critically praised but sparsely watched, was scrapped. ABC's Good Morning, America continues to gain ground on the Today show, which once ate the competition for breakfast. Worse still, two weeks ago, the Nightly News briefly fell into third place in the ratings for the first time ever. The network partly attributed the drop to ABC's rejuvenated news operation. It also admitted that affiliate switches had hurt; in the past two years, NBC has lost ten major local stations...
More than foul weather is behind the slump. Experts on the Soviet economy point out that it has been slowing down for several years. Since 1976, which marked the start of the tenth Five Year Plan, annual growth has averaged 3.9% a year; in the first years of the decade, the average was 6%. The country now faces a serious labor shortage in industrialized areas, productivity has been sagging, and Soviet planners have yet to cope with serious management problems. Says Dimitri Simes, director of Soviet studies at Georgetown University's Center for Strategic and International Studies: "The Soviets...
After the southern trip, the unbearable cold spell, the slump that overstayed its welcome, the doubleheader fiasco versus Columbia and the twin shellings of Larry Brown, these boys are finally peaking. The Harvard baseball team played superbly in its home finale yesterday, defeating Boston College, 7-6, in a game that really wasn't that close...
Brown was careful to note that the relapse will one be temporary. "We were off today, but with Maine this Friday and Penn and Columbia the weekend after this is the only slump we can afford," he said...