Word: upturns
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...professor of health services administration at Johns Hopkins. Brenner has found that over a period of about 25 years beginning in the late 1940s, for each 1% increase in the national unemployment rate, there were 1.9% more U.S. deaths from heart disease and cirrhosis, 4.1% more suicides, and an upturn in the number of first-time admissions to state mental health facilities (up 4.3% for men, 2.3% for women...
...nation's economy continued to recover from its deep recession, as shown by a modest 3.1% upturn in the gross national product in the year's first quarter. President Reagan's popularity, which had been slipping for two years, finally rose slightly in one national poll. And on the South Lawn of the White House, Reagan signed a bipartisan bill designed to rescue the Social Security system from bankruptcy. Said he: "Our system can still work when men and women of good will join together to make it work...
...nutshell, the American voter perceives a trade off between equity and efficiency and assumes that Ronald Reagan's assault on the former will pay off in the latter. The recent upturn in the economy can only enhance this perception Democratic yelping about fairness thus appears, in Penn-Schoen's words, "little more than a rehashing of the tired Democratic theme of more Government spending for the poor--the old big-spending liberal ideas that many swing voters rejected in 1980." And as a result, surveys indicate that fully half of union members prefer Reaganomics to old-time Democratic social spending...
...Upturns in the market have presaged recoveries during all eight postwar recessions (indicated above in red). "On the average, the market is five months ahead of an upturn in the economy," says Barton Biggs, chief portfolio strategist at Morgan Stanley & Co., '"and it did it again." Moreover, the market was not fooled last spring, as many economists were, when the economy made a brief uptick, only to sink back into the doldrums...
Paradoxically, Kohl has also suffered from his brief period of incumbency. With monthly business failures hitting an alltime high of 1,257 in December and an unemployment rate of 10.2%, many voters are blaming Kohl for failing to arrange a quick upturn in the economy, though the new Chancellor has had little time to make much difference in the face of unavoidable economic difficulty...