Word: slumps
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Dates: during 1970-1979
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...dream was dented a bit during the last recession; mortgage money became so scarce that relatively few new houses were built. But the big and mercurial housing industry, which fell harder than almost any other business during the slump, is coming on strong in the current economic recovery. This year builders will hammer together 1.9 million dwellings, about three-quarters of them single-family homes and the rest apartments. That is still short of the 2 million-plus that the industry reached in three years of the early 1970s, but a spectacular rebound from the low of February 1975, when...
...tighten credit and thus trigger a rise in interest rates. Another drag on the market: European investors, who have been nervous about the sinking value of the dollar (see following story) and the growing U.S. trade deficit. One analyst, William LeFevre, of Granger & Co., says flatly: "The market slump can be related to the dollar's weakness. Europeans are now selling, and they won't be back until we moderate those tremendous deficits...
...heat-wave sales promised to snap the nation's air-conditioning industry out of a three-year slump that had been caused by successive summers of exceptionally clement temperatures. The industry's last good year was the scorcher of '73, when perspiring consumers bought a grand total of 5.3 million room-size air-conditioning units and 2.8 million central cooling systems. Then sales plunged, reaching a low of 4.2 million conditioners of all types in 1975. The manufacturers, led by five big firms-Carrier, Trane, Fedders, Lennox and General Electric-have also seen their air-conditioner sales...
Carew is a fleet runner who legs out a good percentage of his hits each year. His speed provides a sure-fire method of breaking a slump: bunting. In fact, he lays down bunts better than anyone since Phil Rizzuto. Once in spring training he challenged a teammate to toss a sweater onto the infield, then rolled a bunt into its enveloping folds. The sweater was moved; he bunted dead center again. More than a dozen times, first on the third-base line, then the first-base side, he put the ball on target...
...close the holes, Carew has four different stances, two for lefthanded pitchers, two for righthanded pitchers. His varying postures at the plate break with baseball tradition. Batters generally tinker with their stances only when in the dire despond of an extended slump; Carew alters his to fit the pitcher and the pitching tactics. Whatever his stance, it is taken as deep in the batter's box as he can get. If opposing catchers are not wary, he will move so deep that his left foot is completely-and illegally-out of the box. Says Carew: "The further back...