Word: slumps
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Dates: during 1950-1959
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...famed Massachusetts Institute of Technology Scientist Vannevar Bush and his onetime Tufts roommate, Laurence K. Marshall. It remained a midget until World War II, when its sales rocketed from $4,400,000 to $173 million. But the firm came so near to disaster in the postwar defense slump that its directors called in Yankee Banker Charles Francis Adams, of the famed Massachusetts Adamses, to put it back in shape. (Marshall resigned in 1948.) Adams found a storehouse of talented scientists. But they loved research more for its own sake than for profit. Adams began searching for ways to put their...
...rest will most likely come from Mutual Security Agency coffers. Even the use to which the money will be put is not certain, but basically the loan's function will be to provide a dollar prop for Chile's sagging peso, hard hit by a world slump in copper prices. Last week the peso was so shaky (off from 493 to the dollar to 780 at the free-trade rate since April, 1956) that Chileans were forced to stop all imports from the U.S. by ordering importers, before taking delivery, to deposit 10,000% of the import item...
...Spring salved any and all wounds and even made some forget the football holocaust. The baseball team survived an early season hitting slump and went on to win its first Eastern Baseball League title in 29 years as well as defeating Yale 12 to 7. The crucial game was against Dartmouth and the Crimson valuted into first place by belting the Indian's star pitcher Pete Quirk, and winning, 5 to 4. The formula of victory can be found in the varsity's two fine pitchers, Dave Brigham and relief ace Gerry Emmet, a steady catcher in John Davis...
...President James Carey: "This talk about the recession 'bottoming out' is misleading and deceptive - prayerfully awaiting reaching bottom, not knowing where bot tom is, waiting to feel bottom so they can say 'Now we don't have to do anything to get out of this slump...
...offered originally-the extension of current contracts -plus a few face-saving fringes, such as higher and longer supplemental unemployment benefits. Auto workers would get something more than a 9? package v. the 35?-to-45? package that Reuther originally demanded. Such a settlement would be considerable, considering the slump, but less than Reuther has signed for in the past. To date, his most modest settlement was an 11? boost...