Word: slumping
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Dates: during 1960-1969
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...line aircraft builder, famed for its World War II P-61 Black Widow fighters and the F89 Scorpion all-weather jets, Northrop went through a severe slump in the late 1950s. To keep the company going, Northrop President Thomas V. Jones, 46, pushed the company into electronics and aerospace projects; Northrop now produces such diverse hardware as missile-tracking equipment, Gemini recovery systems and navigation gear for Polaris subs...
...slump has hit hardest in Birmingham and the industrial Midlands. British Motor Corp., the industry's leader, was producing at capacity through August, when stocks of unsold cars began growing alarmingly. Now General Motors-owned Vauxhall, Rootes Motors, and Standard-Triumph as well as B.M.C. have cut work weeks to four days. B.M.C. Chairman Sir George Harriman announced that 12,000 employees will be laid off early next month, "and it does not appear that they will be taken back again." Angry workers have responded with wildcat strikes, and union leaders utter dark warnings of slow downs and more...
...would rub off on exposed Democratic candidates, had a President remained so sequestered from a national election campaign. Lyndon Johnson had not exactly planned it that way. Early in July the President hinted that he would visit all 50 states on behalf of Democratic candidates, but the sharp summer slump in his popularity caused the program to be scuttled. Last week he joined the battle for the first time since Labor Day, traditional kickoff date for formal electioneering. Instead of 50 states, he has so far campaigned in only...
...biggest lumber-producing state in the U.S., Oregon has been hard hit by the nationwide slump in construction that resulted from the Administration's tight-money policies. Its voters are also unhappy over issues ranging from the future of the state's water reserves to the depredations of a Soviet fishing fleet 20 miles offshore. Yet the dominant theme of Oregon's leading electoral contest this fall is the Viet...
...take decisive action in the economic field, the market bounded up smartly. The Dow-Jones average gained 8.69 points Tuesday, 12.69 points Wednesday and 3.68 points Thursday for the longest rally in a month. Blue-chip industrial stocks, among the biggest losers in the market's seven-month slump, led the comeback. Some of the long-missing investment demand came from institutions that have been sitting on the sidelines...