Word: upturning
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Dates: during 1970-1979
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...battle is drawn between the President and the Congress. The two key issues will be peace the pocketbook. About the peace issue: the war will be over and we will have peace with prosperity. As for economy, it will be good in with a very strong upturn in 1972. Law and-order will also be an issue to this degree: crime has gone up 150% in the past eight years, but it is now finally beginning to go back down. By 1972 we will have a reversal. We have a remarkable record on the law-and-order issue, with crime...
...Avenue is also borrowing from that classic American art form, the western. The Gary Cooper of the genre is Heinz ketchup, which single-handed confronts a gang of Brand X baddies on the main street of a lonely cowtown. One of the baddies steps forward, caps come off, bottles upturn; the Brand X bottle soon lies empty in the dust. As the half-full Heinz bottle swaggers off, a sourdough voice brags: "Heinz, the slowest ketchup in the West -East, North and South...
...exchange's quarterly report, Haack noted the upturn in stock trading volume and said that those brokerage firms that have pared personnel and operations selectively "will enjoy a distinct advantage over their competitors when it comes to handling a resurgence of business." His message: companies that have zealously hacked off not only fat but also bone and muscle will feel the pain as business gets better...
PRESIDENT Nixon's economists have long promised that the reward for the business slowdown that they engineered in 1969 and early 1970 would be a combination of slower price rises and renewed economic upturn in the second half of this year. They qualified that prediction by adding that any recovery would be modest. The recovery is taking place, and it is indeed modest...
Moreover, the strike is likely to trim down any third-quarter economic upturn (see box, page 72). One consequence is that the industrial-production index, which declined in August for the first time in five months, will fall further. If the strike lasts more than six weeks, it will depress many businesses indirectly connected with the auto industry. In that case, lower corporate profits and more unemployment will sink the federal budget deeper in the red, increasing the prospects for a tax increase. The Nixon Administration expects that the strike will be over in six to eight weeks...