Word: upturn
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Dates: during 1990-1999
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...months, plummeting last month to $1 per 1,000 cu. ft., down 23% from a year ago. At that price, producers say they can barely turn a profit, and many who can still afford to operate are shutting their supplies in the ground in hopes of an eventual upturn...
...months of dismal economic reports, investors were ready to jump on anything that hinted that the recession was bottoming out. They got their chance last Tuesday when word spread in the stock market that the University of Michigan's early January survey of consumer sentiment would show a dramatic upturn. The results of this particular poll were greatly anticipated because it was taken shortly after the Federal Reserve slashed interest rates at the end of December. Word of the alleged rebound in consumer confidence caused the Dow Jones industrial average to shoot up more than 60 points...
...That in turn depends on a successful conclusion of the current, deadlocked Uruguay Round of negotiations to reduce tariffs worldwide. If it fails -- and some economists suggest that hard times in so many countries make it all the tougher to sell the unpopular compromises that are needed -- then the upturn may be a long time coming...
North Korean Prime Minister Yon Hyong Muk sounded anything but upbeat as he described the mood of "gloom" after 15 months of fruitless discussions between Pyongyang and Seoul. But at the fifth round of talks last week, Yon's spirits took a sudden upturn when his South Korean host and counterpart, Chung Won Shik, dropped an unexpected secret: removal of the last American nuclear weapon on Korean soil was complete. That announcement, long sought by Pyongyang, broke the negotiating logjam. Twenty hours later, following an all- night session, the two sides announced agreement on a nonaggression accord that in effect...
...betting that a faltering economy will provide them with a long-sought issue for the 1992 campaign. Declares Massachusetts' Edward Kennedy, chairman of the Senate Labor and Human Resources Committee: "Even economists who see the beginning of a recovery acknowledge that it is likely to be weak. And an upturn will not put an end to the basic problems affecting the changing work force." Concurs Harvard's Reich, who has been one of the Democrats' chief economic gurus: "Efforts to improve productivity by using a slash-and-burn policy with employees could backfire. The remaining workers can be resentful...