Word: turnaround
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Dates: during 1970-1979
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...consumer. Battered by inflation and recession, his real income fell an unusual 6% from early 1974 through the first quarter of 1975. Now, at long last, his purchasing power is rising, because inflation, interest rates and taxes have all come down. Of the economy's turnaround, Jallow says, "The tax rebate was the trigger." Between rebates and outright tax reductions, the Government will put more than $18 billion into the consumers' pockets from May through December. Last week Ford said that he might ask for a continuation of those tax cuts into next year if the recovery does...
...says Michael Skinner, young (40), bustling managing director of J. Dege & Sons (est. 1865), "we realized that we had to change our ogre image and our whole concept of marketing. We had to be more forthcoming, with clothes that would sell themselves." The result has been perhaps the greatest turnaround in English tailoring since Beau Brummell first sported trousers instead of breeches. At a spring fashion show-the first in its history-the 200-member Federation of Merchant Tailors presented a new London look called "the Delta line." The collection consists of nearly 40 models for town, country, leisure, travel...
There are also fewer mistakes on the mound. In fact, the major reason for the Cubs' turnaround is former Oakland Reliever Darold Knowles, who has given the team an injection of confidence. "On the A's, we knew we would win," says Knowles. "I've told the guys here to think the same way." No one has practiced the philosophy better than Steve Stone, a scholarly righthander (Kent State, '69) who publishes poetry and helps manage three restaurants in his spare time. Coming off a mediocre performance last season, Stone is already 4-0 this year...
...Wright-Pastore program, by contrast, is mild. Its main goal: to stimulate energy conservation over the long term but avoid any action on the price or availability of oil that might damage prospects for a turnaround in the U.S. economy. The Wright-Pastore conservation target is exactly half as ambitious as Ford's-an oil-import reduction of 500,000 bbl. per day in the first year...
...play, freshman Kathy Fulton stole the ball and whipped it downcourt to Muscatine, who dropped it through the hoop in a turnaround lay-in, putting Radcliffe ahead for good...