Word: turn-around
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...pair of triumphs represented a turn-around from several early-season losses. Student coach Dave Wagner said yesterday "There are a lot of young players on the team and we're rebuilding." He attributed the turnaround to "more serious practicing...
...year's end." Meanwhile, Chase Econometrics, a subsidiary of the Chase Manhattan Bank, believes short-term rates could go another one to 1¼ percentage points higher. If the cost of money does indeed reach that level, it could dampen consumer and corporate spending, pinch off the fragile turn-around in housing and-at the very least-slow the economic recovery...
Although its importance in the women's college turn-around is uncertain, many schools have put a top priority on gaining more women faculty members. This is not always easy, since tenured positions are top-heavy with men now in their 40s and 50s who were hired in the 1950s, when many women's colleges sought male professors as a sign of progressiveness and academic seriousness. In any case, today 71 colleges-a record-now have women in the president's chair, including Hunter, Wellesley, Goucher and Wheaton. Last month Smith College, the nation's largest...
Raymond Jallow, senior vice president of the United California Bank, calculates that the turn-around came in May and the recovery will be "gradual but not fantastic." Leif Olsen, senior vice president of New York's First National City Bank, is still uncertain whether the rebound has begun, "but it may have happened in June." Adds Olsen: "The important thing is that the turn around comes when the economy is at a very deep level...
...experts also agree that the major force behind the turn-around is the U.S. consumer. Battered by inflation and recession, his real income fell an unusual 6% from early 1974 through the first quarter of 1975. Now, at long last, his purchasing power is rising, because inflation, interest rates and taxes have all come down. Of the economy's turnaround, Jallow says, "The tax rebate was the trigger." Between rebates and outright tax reductions, the Government will put more than $18 billion into the consumers' pockets from May through December. Last week Ford said that he might...