Word: slumps
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Dates: during 1940-1949
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Whichever site is chosen, whoever finances it, the coming of a steel mill is an event that all New England can look forward to eagerly. It may well be the end of the gradual slump which this area has felt since the textile shutdowns in 1921; possibly, New England can one day rival the midwest in basic industrial strength. As one commenter put it, "When New England gets a steel mill, it will begin a new era of leadership in American industry...
Bingham blames two things for the record slump: the team's one and seven season and the ascendancy of television. But mostly he blames television. He said he has received many letters from alumni saying "You've put me at the end of the field for the last time...
...deficit, Truman said, could be blamed on the summer slump, which had decreased tax receipts by $3 billion. Expenditures had increased by $1.6 billion. Cuts in the defense budget and international aid were more than offset by $1.3 billion extra paid out for veterans' benefits, $800 million extra needed to bolster sagging farm prices. Another big item was the unexpectedly high burden of underwriting the mortgage market for veterans and rental housing projects. It had been budgeted at a modest $200 million; it was costing a whopping $1.3 billion-an increase...
...Variety reported that a mid-October slump put U.S. cinemansion receipts off about 7% from last year, interrupting the gradual upturn evident since last spring...
...most Cambridge businessmen aren't especially alarmed. There are a number of factors which seemingly discount the Lever action. And if there is any pronounced economic slump in Cambridge, only small retail merchants, whose sales have been dropping, will admit...