Word: upturn
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...does. The Tory Party never talks about getting rid of theirs?but does it." How could a coup against a leader with a 43-seat majority be brought off? One senior minister sketches a simple scenario: "If, after another year to 15 months, there are no signs of an upturn in the economy and a reduction in unemployment, I would expect a Cabinet consensus to force a change of policy. If Thatcher agreed, there need not be any change, except in policy. If she disagreed, it would go to a vote in the Cabinet, and if she were defeated...
Even if the plan is accepted by all the parties involved, the ultimate survival of Chrysler will depend on selling the slow-moving K-cars in a recession-battered market. Without an upturn in car sales, no special deal will be able to keep the nation's 17th largest out of bankruptcy court...
...Jones industrial average rose another 8 points last week, continuing its four-month bull market. A Wall Street rally had been anticipated earlier this year, but no one could be certain when the upturn would begin. Investors have thus increasingly turned to popular stock market newsletters that tell them which stocks to buy and when. The hottest tip sheet of them all is the Granville Market Letter, published in Holly Hill, Fla., by Joseph E. Granville, 57, a controversial market theorist who has combined a good record for calling major stock moves during the past six years with a Barnum...
Carter's approval rating spurted eleven points in a New York Times-CBS poll, to 37%?the first upturn since a survey last March. Even critics who faulted his energy program as too timid regarded it as a much needed beginning (see ECONOMY & BUSINESS). Said Democratic National Chairman John White, who thought he saw the makings of a re-election winner in 1980: "I took down my 'for sale' sign this morning...
...last. Many, including several large insurance companies, have been sellers of stock, and even Citibank has been using the rally to sell and diversify rather than to buy. Still, there has been a bandwagon effect as the majority of institutional investors have rushed in for fear of missing the upturn. Says Paul L. Smith, chief financial officer of California's Security Pacific National Bank: "These fellows are all scared of being left at the starting gate. The minute somebody starts to buy, the others don't want to get left...