Word: turn-around
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Last week Los Angeles Airways, Inc., which has been flying seven-passenger piston-engine Sikorsky S-55 helicopters, put into service two new gas turbine Sikorsky S-61Ls, which can carry 28 passengers at 135 m.p.h. (v. 77 m.p.h.). The faster turn-around and the increased seating capacity of the S-61s (there will be four in operation by this summer) will enable the line to carry 150,000 to 200,000 passengers a year at 10? per seat mile, as against the old S-55s 40,000 passengers and 17.9? per seat mile. It takes three hours of freeway...
...June of 1960, and durable goods were off a full 5% from the pace a year ago. Among the notable laggards are autos and appliances, hardware and furniture. Says Louis Paradiso, the Commerce Department's chief statistician: "This time there is more lag than usual between the actual turn-around of the economy and the American consumer's believing that it has happened. He takes more convincing than he did in the past...
...they have one caution about the momentum of inventory accumulation: if the auto industry cuts back its high dealer inventories (which now stand at 941,000 cars) to make way for 1962 models, overall inventories may be robbed of real improvement in the third quarter. But if the inventory turn-around continues, it will ease the economy of a heavy weight. Not long ago. Statistician Paradiso estimated that gross national product in the second quarter would hit an annual rate of $505 billion. Now, because of inventory improvement, he has raised his estimate to $510 billion...
...business upturn last week came the first signs of a turn-around in the Kennedy Administration's economic policies. To give the economy a quick boost, the Administration had considered throwing its support behind a bill sponsored by Pennsylvania's Democratic Senator Joseph Clark to provide state and local governments with $500 million in federal grants for such projects as repairing roads and sewers, building schools and libraries. Chief advocate of the bill inside the Administration was Presidential Economic Adviser Heller. But Heller's enthusiasm has been countered by Treasury Secretary Dillon's argument that with...
Shepard: Cap sep is coming out, and the turn-around has started. (This means that the capsule had freed itself and was ready to maneuver...