Word: upturn
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Dates: during 1970-1979
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...effective is the final tax package? While arguing that it should have been even larger, Walter Heller, a member of TIME'S Board of Economists, says that the bill is "an excellent beginning" and "substantially improves the prospect for a vigorous upturn in the second half of this year." He especially approves the bill's emphasis on helping less affluent taxpayers, considering it a historic shift by the Congress. Another board member, Otto Eckstein, also sees a healthy stimulus for 1975 but worries that there will be little continued impact in 1976. Most experts seemed to agree with...
Housing starts in January ran at an annual rate of 987,000 v. 2.5 million in January 1973. Yet some surveys indicate that a modest upturn is likely. The Manhattan consulting firm of Townsend-Greenspan forecasts that the pace of housing starts could hit 1.4 million by year's end. Many of these predictions assume that cuts in federal taxes and a decline in the rate of price increases will put consumers in a more confident home-buying mood. Whether those assumptions are correct could have critical significance. A resurgence in housing has been a leading force in lifting...
...market forecasting; the company must build relatively larger inventories than its rivals early in each new-model year so that dealers will have enough cars to sell. Early in 1974, Chrysler, like the other automakers, geared its production plans to the then widespread forecasts of a year-end economic upturn. But the economy slammed down, and Chrysler was caught with a massive, 135-day backlog of unsold cars by year...
...company has some other fundamental problems with market strategy that would not be cured by a quick sales upturn. Officials at other auto firms fault Chrysler for having tried to match GM in sheer model proliferation in the 1960s, but then being slow to meet the growing small-car market. With the Valiant and the popular Dodge Dart, Chrysler today has the largest share (32%) of compact-car sales, but its biggest product investment last year was in a costly redesign of its full-sized cars. Its one subcompact, the Dodge Colt, is built by Japan's Mitsubishi...
Recent visitors to Nixon's Casa Pacifica compound report that his spirits and his health have taken an upturn. Actually, the dwindling staff seems more depressed than the boss. "How much can you walk on the beach?" asked one youthful aide last week. "We have developed a special bond with each other; we depend so much on each other. But it is the bitter life of exile...