Word: slumping
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Dates: during 1960-1969
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Remaining at the top of the 200 are the joint British-Dutch companies, Royal Dutch/Shell ($8.4 billion in sales) and Unilever ($5.6 billion). British Petroleum ($3 billion) stayed in third place. Hit by a slump in domestic sales, Volkswagenwerk of Germany went from fourth to seventh place, giving up the No. 4 spot to Britain's Imperial Chemical Industries (sales: $2.69 billion v. Volkswagenwerk...
Intermediate models are leading the way. Most of the sporty lines have failed to pull out of a year-long slump...
...West Germany's reliance on monetary and fiscal discipline has repeatedly proved its potency at steadying the economy. Ironically, Erhard fell as chancellor in 1966 partly because he failed to follow his own doctrine. A euphoric orgy of government overspending helped push the country into an economic slump complicated by a surge of inflation. After the Kiesinger government reimposed a program of austerity by raising taxes and cutting federal spending, West German prices soon stopped climbing. Unemployment has now fallen to a mere 1.3% and during the first quarter of this year industrial productivity soared by an astonishing...
...rein on the economy, Johnson reasoned, inflation could lop 40 off every dollar's purchasing power during the year and help price U.S. exports out of world markets; tight money induced by Government borrowing to meet current bills could squeeze interest rates up to 10%, provoke a slump in new housing, and snap the string of 87 months of economic advance. The President's surrender virtually assures passage of the corrective tax this month...
...that, as one critic put it, "he makes Barry Goldwater sound like one of the charter members of the A.D.A." No match for Rafferty on the stump, the Senator so far has avoided a direct confrontation. His tactics appear to be paying off. Kuchel has recovered from an early slump in the polls, and by last week seemed headed for another victory in June...