Word: slumps
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Dates: during 1950-1959
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EVERY businessman has his pet phrase for the slump-the "saucer recession," the "polkadot recession," etc., etc. It is also the recession where more statistics get more microscopic study than ever before, as every economist-amateur or professional-searches to discover whether the U.S. economy is going up, down or sideways. The only trouble is that statistics, like dry martinis, should be handled with care. For a prime example of how befuddling statistics can be, see BUSINESS, Unemployment Figures...
...Moiseyev will give Americans their first close look at a major Soviet dance company. For a color preview of what Russian dance looks like when it is not poised on pointe, see Music, Soviet Pop Ballet. r RAGGED down by the auto indus-'-' try's slump, Detroit is the most recession-battered big city in the U.S. What worries thoughtful Detroiters even more than the current acute chill is a chronic malaise that afflicted the city even before the nationwide recession started, and will still be nagging it after the recession is past. See NATIONAL AFFAIRS, Recession...
...Publisher Wayne (American Aviation) Parrish's monthly Missiles and Rockets (TIME, Oct. 15, 1956) is put out for the trade, but its circulation has grown by almost a third (to 27,700) since the first Sputnik, and its ads are up 75% over last year despite the slump. Though aviation magazines are expanding coverage of the space age, they are losing advertisers to the specialized newcomers. McGraw-Hill's Aviation Week was down 112 pages of ads in January from a year...
...economy's sturdiest pillars in 1958 got still another buttressing last week. To President Eisenhower went an anti-slump bill designed to pump up to $1.85 billion in Government funds into the housing market, already clipping along toward 1,050,000 new housing starts this year. Its goal: to raise the totals by another 100,000 houses, create 500,000 new jobs this year, and lay a solid floor under those sagging industries that lean heavily on home construction-appliances, lumber, transport...
...CHRYSLERS with quickie retrimming job will be wheeled out this month to combat sales slump. Windsor, Saratoga and New Yorker models will have splashier trim all around, sweeping chrome strips along side and rear panels, plus mascara-like black paint around headlights for "space age effect...