Word: upturn
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Dates: during 1970-1979
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...Watlington, president of Winston-Salem's Wachovia Bank, say that the Price Commission has accused their companies of not filing required profit reports, although in fact they did. At the Price Commission, says Warner, "the right hand does not know what the left hand is doing." The quickening upturn in business the last few months has allayed many executives' doubts about Nixon, but others still worry that the domestic economic difficulties have been temporarily soothed, not solved. "We are not really holding down inflation," says Ralph Ablon, chairman of Ogden Corp., the Manhattan-based conglomerate. Like many other...
...continued rise in the U.S. economy is not the only reason for the upturn on top. Some companies got too enthusiastic about lopping off "unneeded" managers last year, and now must refill some jobs. Still, traces of recession-bred caution remain. Employers take much longer to make sure that they find just the right man for a post. Searches that used to be finished in six weeks now often last three to four months...
...demand and a somewhat tighter Federal Reserve monetary policy. Since February, rates of 91-day Treasury bills have climbed from 3.07% to 3.51%, and bank prime rates have gone from a low of 41% to as high as 51% . Short-term interest rates are likely to show a slow upturn for the rest of the year, which should continue to aid the balance of payments...
...with Nebraska, Idaho and other states? Muskie and Humphrey run well in the national polls not necessarily because they are strong, but because they are better known. That's McGovern's problem." Quayle believes it likely that the national polls will soon reflect a McGovern upturn. That would mean a reverse bandwagon effect, with the national polls following the primary results...
Using computer studies and other arcane gauges, most economists continue to forecast a strong business upturn this year. The consumer, however, measures his well-being by less sophisticated yardsticks: take-home pay, store prices and job opportunities. In these terms, the first two months of 1972 have given scant reason for ebullience. The result is that consumer spending, which spurted briefly last year, has again flattened...