Word: upswinging
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Last December, just before Western Europe's third year of slump began, TIME'S European Board of Economists saw some glimmers of hope that an upswing might start in the latter half of 1982. Reunited last week in London, the same six board members agreed that the glimmers...
WEST GERMANY. The economy of Western Europe's most important industrial power will decline 1% this year, according to Herbert Giersch, director of the University of Kiel's Institute for World Economics. He believes that the upswing will finally come in 1983, when growth will reach 1.5%. Unemployment...
The rare-book dealer and his customer have long been favorite subjects of painters. Musty, refined, the dilettantes gaze out from the works of artists from Daumier to Norman Rockwell, echoes of a time when collectors were more interested in pages than profits. The echoes are growing fainter by the...
Thus as the current recession has gathered momentum, many a family has suddenly discovered itself a potential casualty in the very inflation fight that people pressed Washington to undertake in the first place. Instead of fretting over the perils of runaway prices, workers everywhere now agonize over losing their jobs...
In the past decade, the annual death count in coal mining, the country's most dangerous industrial occupation, has dropped to fewer than 200, down from 1,000 or more a year in the 1940s. The improvement came from both technological advances and more stringent standards enforced by the...