Word: sumners
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Failure of most of the 1958 cars to meet the approval of the public is one of a series of "unfortunate outside events" which have coincided with a normal slowdown of economic growth to produce the current recession, Sumner H. Slichter, Lamont University Professor, told senators in Washington yesterday...
...United Auto Workers aggressively presented their new wage demands to Ford and Chrysler last week, Detroit's worried automakers got some sound advice from Harvard University. Said Economist Sumner Slichter: "The auto companies would be wise to maintain a united front that would sooner or later lead to industry-wide bargaining...
...forces behind U.S. auto sales. Americans have found many other sources of prestige and enjoyment, e.g., homes, boats, foreign travel, family vacations, summer houses in the country, etc. To the evidence that conspicuous consumption-as typified by the bigger auto-is waning in the U.S., Harvard Economist Sumner Slichter adds his voice: "Having stocked themselves up for the past ten years with cars, people have been shifting their expenditures to other things...
Harvard Economics Professor SUMNER SLIGHTER...
...Bottom? When will the economy turn up again? At first the crystal-ball-gazers looked for an upturn starting at midyear. Now they have put the turn farther off, barring a tax cut that might give the U.S. a fast boost. Most economists agree with harvard Economist Sumner Slichter, who says: "It will be six months before the economy shows much pep." They think the recession will reach bottom soon, may be there even now. Then, say economists, it will rock along on a relatively even keel for six months or more before turning gradually upward...