Word: upturning
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...malaise has its roots in the worldwide recession of 1974 and 1975. At first Sweden seemed to have found its own unique answer to the slump: ignore it so as to be ready for the expected global economic upturn. While other countries struggled with recession and layoffs, the Socialist government of Prime Minister Olof Palme simply subsidized industry. Companies were paid to maintain full production and full employment, even when they could not sell and had to stockpile their goods in anticipation of a surge in demand. The immediate result was a flush of apparent prosperity, which allowed militant unions...
There was substantial economic improvement last year, Carter said. He attributed the reduction in unemployment and the slowing of inflation to his policies. Fogel agreed that the economy did show improvement, but he added that there was still a question of who was responsible for the upturn...
...agencies issued a terse one-paragraph announcement that the U.S. would actively begin supporting its weakening currency on world markets. That afternoon, the Federal Reserve began buying up unwanted dollars to shore up their price. The move touched off one of the wildest dollar rallies ever, but the upturn was as brief as it was explosive. By week's end the dollar was slipping again, raising the question of whether U.S. intervention in the money markets can buy anything but temporary relief for the battered buck...
...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...