Word: slumps
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Dates: during 1950-1959
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...slump is, so far, not statistically catastrophic, the President's Fabian tactics may have some rationale. But the refusal to let the serious unemployment shake any of his economic convictions can have far more damaging effects. The recession, representing not a "loss of confidence," but a real and recurrent problem in an "affluent society," demands a reassessment of some of the President's cherished economic slogans...
...mobilization conference sponsored by the American Management Association in Manhattan and organized by Charles H. Percy, president of Bell & Howell Co. Conference theme: what can businessmen do to meet the challenge of the recession without leaning on tax cuts or other Government help? The principal way to fight the slump, said Percy in his prepared speech, is to "produce better values -and do it fast." His company moved up by a year the introduction of nine new products, reduced prices to attract customers, planned a 67% increase in spending for capital equipment in 1958 over 1957. Said Percy: "We cannot...
...little better off. Though the physical volume of exports is still climbing, heavy overproduction, coupled with increased competition from African exporters (Ivory Coast, Uganda), has dragged prices down 30% to 40% in the last year. In oil, the trouble is not so much prices, but something equally damaging: a slump in demand, which will hold consumption to a 2.5% increase (v. the usual 6%) this year. In addition, the U.S., the world's biggest importer, has put on quotas that mean a 14% production cut and losses of $250,000 daily for Venezuela alone...
James S. Duesenberry, professor of Economics, and Arthur Smithies, Nathaniel Ropes Professor of Political Economy, agreed with the Eisenhower Administration that we are now "at bottom or near bottom" in the present economic slump...
General Development has lined up several hedges against a slump in Florida land sales: a new chemical process to plate chrome directly onto aluminum, and a private utility system that sells water to its housing developments. But the Mackles do not worry about a slowdown in housing. Says Frank Mackle: "Anyone can sell when the housing market is good. But when the market gets tough and choosy, we can really go to town because we can undersell the competition...