Word: upturns
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...Democrats are in a no less awkward position. They cannot openly root against a recovery, although a sharp upturn could dash the party's election hopes. Both Bill Clinton and Jerry Brown, therefore, must concentrate on attacking Bush's economic stewardship no matter how the recovery develops. "Clinton entered this race because the country has suffered for 11 years without an economic strategy that would make us richer over the long term," % says Bruce Reed, a deputy campaign manager for the Arkansas Governor...
...real task of completing the comeback that Iacocca began more than a decade ago. On the positive side of the ledger, years of employee teamwork have created a new generation of promising Chrysler cars, Jeeps and minivans. "You couldn't want better vehicles to market, heading into an upturn in the economy," says Joseph Phillippi, who watches the industry for Shearson Lehman Hutton. At the same time, Chrysler's chronic cash crunch (it lost $795 million last year) makes it crucial for the vehicles...
...months, plummeting last month to $1 per 1,000 cu. ft., down 23% from a year ago. At that price, producers say they can barely turn a profit, and many who can still afford to operate are shutting their supplies in the ground in hopes of an eventual upturn...
...months of dismal economic reports, investors were ready to jump on anything that hinted that the recession was bottoming out. They got their chance last Tuesday when word spread in the stock market that the University of Michigan's early January survey of consumer sentiment would show a dramatic upturn. The results of this particular poll were greatly anticipated because it was taken shortly after the Federal Reserve slashed interest rates at the end of December. Word of the alleged rebound in consumer confidence caused the Dow Jones industrial average to shoot up more than 60 points...
...That in turn depends on a successful conclusion of the current, deadlocked Uruguay Round of negotiations to reduce tariffs worldwide. If it fails -- and some economists suggest that hard times in so many countries make it all the tougher to sell the unpopular compromises that are needed -- then the upturn may be a long time coming...