Word: slumps
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Dates: during 1960-1969
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Wilson arrived in Scarborough in the midst of the worst slump since he led Labor to power in 1964. Despite his efforts, the economy remained stagnant (see BUSINESS). Unemployment, at 555,000, was the worst in 27 years, and the trade gap continued to widen, endangering the stability of sterling. Wilson was under attack from just about every faction in his own party-old-line socialists, because he has resorted to Tory-style restrictions on consumer credit and travel allowances; trade unionists, because he has imposed a freeze on wages; intellectuals, because he seemed only concerned with pragmatics; left-wingers...
...nine years, moved up to head parent National in 1954, then girded for the future, installing computerized equipment and a huge new Chicago mill. Result: National was the only company among steel's Big Eight to show a sales increase (16%) during the industry's 1957-62 slump...
...minister's son who started off as an Allis-Chal mers tractor salesman in 1933, profits have more than quadrupled since 1961 to last year's $26 million, on record sales of $857 million. For all that, the company recently ran into trouble. The general slump in construction, rising production costs and a sticky three-month strike at two plants combined to plunge first-half earnings down by 50% compared with the same period last year...
...from theology to esthetics and science, is designed to provide a firmer transition from high school to the intellectual world. Beloit planners contend that the usual freshman year ends just as students are beginning to adjust to the change. Beloit's middle class then counteracts the traditional "sophomore slump" and its dropout problem by requiring students to leave academe for a spell. All must spend at least one trimester off the campus, studying or working on their own to gain maturity, relate their studies to life. Some toil in Alaskan oilfields, others guide tours through the Statue of Liberty...
...Consumer uncertainty" is the reason for the slump, says Zenith Radio Corp.'s President Joseph S. Wright. Tight money and the threat of increased income tax are listed by others. Even fear of racial riots is a factor. "People aren't coming out at night to shop," says the owner of Roxy Electric Center, a retailer in Philadelphia. The continuing high cost of color is undoubtedly the biggest reason. As a sort of reverse proof of this, Philco-Ford, an exception to the general trend, offered a color set for $299, saw first-half sales increase 65% over...