Word: turn-around
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...political turn-around was for malized on the national level in the spring of 1969 at the Ninth Party Congress. Almost half of the Central Committee seats and more than half of the Politburo seats were taken by army men. Mao's wife Chiang Ching and her radical leftist allies were heavily out numbered. Subsequently, at least three of the more radical Politburo members were also shunted aside. In the provinces, where the party is still being rebuilt, army men joined forces with old party cadres to squeeze out the young radicals. The result: 15 of 19 first secretaries...
...second brake on the turn-around is the continuing caution of consumers, who saved a high 7.2% of their income during the quarter. They have begun to buy some expensive items, notably houses and cars. Compared with the same period last year, auto sales rose 13% in March and a record-setting 32% in the first ten days of April, keeping alive Detroit's hopes for a 10-million-car year. But in retail stores, appliances, furniture and other consumer durables are selling slowly. Says Ralph Lazarus, chairman of Federated Department Stores: "The trend has not improved...
ONLY last year it seemed to many Britons that their long-sought economic turn-around was finally at hand. The balance of payments showed a handsome surplus, foreign debts declined, and even the country's laggard industrial productivity gave signs of recovery. The euphoria turned out to be shorter than an English summer. Britain is once again tumbling into one of the periodic economic crises that have made the country the chronic invalid of Europe...
Everybody thinks that profits are just a problem for management and that no one else has to worry. But profits determine the level of employment, plant and equipment spending, and Government revenues. You cannot have a turnaround in the economy until you have a turn-around in profits...
...then Dover, drawing repeated ovations from the 2000 fans, scored seven straight points on three incredible drives to put Harvard in the lead at 30-29. Then, after senior Paul Waickowski had come off the bench in fine style to replace a foul-laden Kanuth, Hardy sank a turn-around at the buzzer for a 39-37 half-time cushion...