Word: turnabout
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Dates: during 1950-1959
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...pack, fulfilling in a 20th century way the centuries-old dream of a northern passage from ocean to ocean (see Armed Forces). And in the arena of diplomacy, the U.S. scored high when Nikita Khrushchev, tangled in his own diplomatic web, rejected a U.N. summit meeting in an awkward turnabout that brought international jeers...
Where does the U.S. economy go from here? On C.E.D.'s charts a major booster out of the 1949 and 1954 recessions was the turnabout in inventories. In the 1949 recession businessmen continued to liquidate inventories for more than a year, in 1953-54 for 15 months, before any sizeable upturn took place. This time the rate of inventory liquidation seems to be bottoming out after two quarters, though no one is willing to predict any heavy accumulation in the near future. Business outlays for new plant and equipment are a more worrisome problem. The 1958 slide in expansion...
...Government is making no hasty plans for big stockpiles, material allocations or other controls. At the moment, the effect of Mid-East upheaval is more likely to show itself in a subtle, psychological change in the business climate rather than in any dramatic turnabout...
Prime Minister Jawaharlal Nehru was getting just about the worst press he had ever received in India. What made everyone mad last week was his threat to resign his office, and then his tame turnabout when Congress Party politicians begged him to stay on (TIME, May 12). New Delhi columnist B. G. Verghese felt that Nehru had come close to "tearing off the mask of complacency and compromise that has been the bane of the Congress Party and the country," only to falter at the last minute: "He compromised without any gain. He threw away the opportunity that he himself...
...consumer has done a complete and almost unnoticed turnabout in taste recently. So Researcher Louis Cheskin, director of Chicago's Color Research Institute, this week told the Advertising Federation of America. Said Cheskin: The entire attitude of the American people towards "ostentatious ornamentation" has changed drastically in the last few months, especially in cars. "As recently as last year, our tests showed that people reacted favorably to elaborate ornamentation, gaudy color combinations and chrome trim on cars and other steel products. The recent studies show that people are reacting unfavorably to such functionless frills...