Word: slumping
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Dates: during 1950-1959
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...glut is giving the six-nation European Coal and Steel Community the severest test of its six-year history. Eliminating frontiers and the barriers that go with them, the Community had progressed smoothly on a rising market. But coal's current slump provides a painful reminder that although barriers may technically be gone, barrier mentality is far from dead. The pressures of economic self-interest have begun to resist the supranational powers originally granted by treaty to the Community's nine-man High Authority...
...that he had simply meant to say that the Fed would adopt an even tougher policy except for unemployment. Summed up a Fed spokesman: "Unemployment is a distressing fact. But we feel that we have to develop a sound economy so that we won't fall into a slump again and have even more unemployment." By raising the lending rate to member banks, the Fed showed its confidence that the U.S. economic recovery is steadily picking up steam-and its fear that inflation is once more a major danger...
There is insiderable talk in railroad circles these days that only one bold measure can possibly save the New Haven from financial ruin. Theorists suggest that if Mr. Alpert started running special trains for professors travelling to fulfill television commitments, he would halt the deepening slump in his company's passenger revenues...
Castro was moved to action by the slump in the tourist trade and the angry demands of 2,000 card dealers, croupiers, cashiers, musicians, barmen, waiters and entertainers, all thrown out of work by the revolution. Senorita Pastora NúÑez, director of National Savings and Housing Institute (formerly the government lottery), called in the casino owners and found them willing to meet her requirement of seven weeks' back pay for all employees. "I highly disapprove of the way you make a living," she lectured, "but we are reconsidering our earlier decision...
...raise up to $12 billion to cover the Government's deficit for this fiscal year. But they did not become acute until summer. Then Government bonds, which had been providing speculators with fat profits as they rose while interest rates fell (TIME. Aug. 18), went into a slump when interest rates began to climb again with the economic recovery. As bond prices slid, their yields rose. Secretary Anderson found himself in a vicious circle; to sell his securities he had to keep edging up the interest rate. Yet every time he floated a new issue at a higher rate...