Word: upturning
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Dates: during 1970-1979
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...respectively, have landed steady teaching positions. "Ten years ago, anybody who didn't have a job by Jan. 15 would look in the mirror to see if he had leprosy," comments Jasper Neel, director of the M.L.A.'s English programs. "Now there won't be an upturn of Ph.D. hiring in this century. The birth rate is dropping, and people hired in the boom years of the 1960s have 15 to 30 more years to teach." The only faintly promising news concerns writing courses, once considered dreary and even declasse assignments. Now colleges all over the country...
...University remained on that just under $60 million plateau for five years, and financial officers say they are encouraged by the recent upturn in both the national economy and Harvard alumni's donations...
...away from standard fixed fares with varying degrees of horror and resignation. The airlines are at last making money again: having lost by one estimate $94 million as recently as 1975, the major carriers could collectively earn a record $500 million this year, thanks partly to a post-recession upturn in air travel. But bargain plans will almost always have a "modestly negative" impact on earnings, insists Theodore Shen, airline analyst at Donaldson, Lufkin & Jenrette. So why are the airlines slashing fares...
...industry seems to be starting on an upswing. Although McDonnell Douglas' deliveries of DC-9s and DC-10s will drop from 65 in 1976 to 37 this year, the company has already booked orders for 54 planes to be finished in 1978. Executives and industry analysts expect the upturn to continue. Some airlines have more money to buy planes because traffic is rising and earnings are improving (even Pan Am may report a profit for the first time in nine years...
Record Year. General Motors officials said that 1977 could be a record year, with car sales hitting 11.25 million, slightly ahead of this year. Bank loans have shown an upturn, indicating renewed business demand. Though reports on Christmas sales are conflicting, merchants at least hope they will wind up with a gain. Says James Lutz, executive vice president of Chicago-based Montgomery Ward: "The weather is with us, and we're going to have the best Christmas ever...