Word: slumping
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Dates: during 1960-1969
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...pessimists have been issuing warnings for several months, the danger of recession has generally seemed remote. Rather suddenly, the mood has shifted. In the privacy of executive suites, top bankers and corporate leaders have begun to voice their fears that the U.S. might be sliding into an economic slump that could have important political and social consequences...
...mortgage lending in order to conserve scarce funds for direct loans to business. Insurance companies, which are normally major buyers of bonds and mortgages, are being drained of cash by loans that they must make to policyholders who cannot get credit so cheaply elsewhere. But the bond-mortgage slump reflects even more the ravages of inflation. Corporations, for example, are hurrying to build new plants before construction costs rise even further (see following story), and are selling huge quantities of new bonds to raise the cash. This month U.S. corporations will try to market $1.2 billion worth of new bonds...
...game against Southern Connecticut this afternoon- the first round of the national championships- the Crimson will go back to its customary 4-3-3 line up Harvard hopes to break out of its scoring Slump in the game against the Owls. The defense has carried the team past its tough competition, but it will need the full power of the offense if it is to go on to the finals...
...Grand Coalition, the nine Socialist Ministers (out of 19) were the stars of the government. Socialist Economics Minister Karl Schiller guided West Germany out of its economic slump; Transportation Minister Georg Leber (no relation to Julius) began unclogging Western Germany's Autobahnen by forcing freight off the roads and back onto the deficit-ridden rails. Foreign Minister Brandt conducted an imaginative eastward-looking policy. Meanwhile the Free Democrats were moving away from conservative policies and closer to those of the Socialists. Last March, Socialist and Free Democrat members of the Bundestag joined forces to elect Gustav Heinemann as the first...
...Karl Schiller, 58, a former economics professor at Hamburg University. Schiller snapped West Germany out of its first serious economic slump in 1966 with his soziale Symmetric, a mixed economy combining features of the British welfare state with U.S. free enterprise. A shrewd campaigner who can explain complicated fiscal matters in a way everyone can grasp, Schiller might be considered for the chancellorship some day, despite his diminutive, unprepossessing appearance. Schiller is particularly pleased at having outfoxed the Christian Democrats, who opposed mark revaluation, by convincing housewives that a higher-priced mark would increase their buying power...