Word: turnaround
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Dates: during 1960-1969
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...that ended Aug. 31. Most of the deficit, however, grew out of MGM's decision to write off as losses some box-office flops and a great part of its slow-selling inventory of monaural records. Kerkorian thus bought into a company that may be poised for a turnaround. Bronfman has already predicted a profit for MGM in fiscal...
...figure was heightened by a book keeping fluke. Americans have been making large deposits of dollars in Eu rope, where they have commanded interest rates as high as 12.5%. U.S. banks, pinched for funds, have borrowed many of these dollars to re-lend in the U.S. These "turnaround" dollars count as a capital outflow when deposited in Europe, but do not count as an off setting inflow when re-loaned in the U.S. Government economists say this distortion may have accounted for $2 billion of the $5.5 billion first half pay ments deficit...
...CAMPUS UNREST. Congressmen have readied a spate of bills to suppress campus disorder-and thus caused a fast turnaround by the Administration. As recently as mid-May, Attorney General John Mitchell assured Congress that there was no need for any such new measures. Yet last week, the White House put out word that it was considering legislation extending to federal courts the power to issue injunctions preventing students from disrupting classes. The aim is to head off more stringent legislation originating in Congress...
...Turnaround. Only two of the eight leaders-the average manufacturing work-week and prices of industrial materials-are still rising. The other six point down. Among them are the pace of nonfarm hiring, the ratio of prices to manufacturing labor costs, and stock prices as measured by the Standard & Poor's index of 500 stocks. The stock indicator does, however, show a rise for April. Overly excited by European political events and peace prospects in Viet Nam, investors sent the 500 up by 2.28 points last week to close at 104; the narrower Dow-Jones average of 30 industrials...
...most auspicious of Commerce's signals was flashed by the turnaround of three indicators: orders by manufacturers for durable goods, contracts and orders for plant and equipment and new building permits. Reversing sharply in March, the three portend slower growth in inflation-provoking corporate spending on expansion. They reflect boardroom decisions that will soon show up as changes in factory output and personal income, which are measured among the so-called "coincident" indicators. Reaction is already evident in retail sales, which also turned down sharply in March. Eventually, the effects will ripple through the economy as rises or declines...