Word: turnabout
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...filled with friends of foreign aid, could have been persuaded to recommend a three-year program with the necessary financing. But such a recommendation seemed unlikely to get through the House as a whole-particularly after national Republican Leaders Richard Nixon and Nelson Rock efeller (who made an apparent turnabout from his previous public stands) had announced their support of annual foreign aid appropriations...
...major policy turnabout, the Civil Aeronautics Board last week went out in search of a merger partner for ailing Northeast Airlines. Historically, CAB has been hostile to airline mergers. But under its new chairman, Democrat Alan S. Boyd, 38, the board has decided that mergers are "one of several highways out of the airlines' current problems." For Northeast, which lost $8,000,000 last year, merger is probably the only...
...answers to "How goes the recession?" the most reliable is the one by Professor Galbraith, who is not reluctant to admit that nobody "knows what is going to happen." All the others are based on "hope of a turnabout" as indicated by Stanley Ruttenberg. Economists have still not acquired an understanding of the functioning and faults of our economy...
SAUDI ARABIAN LOANS of up to $100 million, payable within 25 years at 8% interest, may be made to Japa nese companies to develop Japanese industry. Offer by oil-rich Saudi Osmar Trading Co. is a curious turnabout, since Saudi Arabia itself is still an underdeveloped nation...
There were also signs of a turnabout in steel. The industry last week scheduled a rise in production from 60.6% to 62.3% of capacity, the first increase in seven weeks and the biggest one-week gain since December. Steelmen also heard some other good news: imports of steel in April, the Commerce Department reported, fell from 464,000 to 331,000 tons, while U.S. steel exports rose from 203,000 tons to 235,000 tons for the best exporting month since November...