Word: upturning
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...upturn that began just about a year ago seems to be picking up speed. For example, the Government reported last week that real gross national product-output of goods and services, discounted for inflation-rose 8.5% in the first quarter, rather than 7.5% as first estimated. Corporate profits before taxes jumped 45% over the first quarter of 1975, to a near-record annual rate of $140.8 billion...
...humanity more effectively in the then celebrated "secular city." There are fewer new priests to replace those who left. Seminary enrollment, at a high of nearly 49,000 in 1964, fell to a low of 17,200 in 1975. Only this year has there been a modest upturn-an increase of some 800-indicating that the trend may have bottomed...
...companies rose a total 40% to 50% above the 1975 period. The leap, of course, was from profit levels that were sorely depressed, but it still indicates that the recovery is proceeding even more smoothly than had been predicted. The healthy earnings also promise that the economy's upturn will accelerate further in the months to come...
Despite the current upturn, most agency chiefs agree with Marvin Sloves, president of Scali, McCabe, Sloves: "Advertising is going to continue to be a tough business in which to make a buck." Tight budgets, cautious clients and a wary buying public have wrought substantial changes in the way Madison Avenue operates...
Radical Solutions. Despite a recent high school upturn, the total enrollment in parochial schools is well below that of 1963. Though many people assume that the reason is rising tuitions, the Chicago study found the major problem to be that schools simply are not available. The book accuses bishops of a major miscalculation in closing old city schools and failing to build new ones in the suburbs. Not only does Catholic sentiment and support for parochial schools remain nearly universal but, the survey indicates, Catholics would be willing to give some $1.8 billion more a year to expand their school...