Word: whipsawing
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...spring of 1974, the whipsaw effect of recession and rising costs-particularly for oil, which fuels 80% of Con Ed's generating capacity-left the company strapped. Realizing that it could not afford to complete its two new generating plants, let alone begin construction at Storm King-even if environmental objections were overcome-Con Ed sold the two plants to the state power authority. Most dramatic of all, the company skipped its regular 450 quarterly dividend. From a high...
Rising production costs and competition from commercial television for advertising are only part of Fleet Street's problem. Thanks to a long tradition of ineffectual management, the newspapers' 40-odd labor unions are able to whipsaw British publishers with wildcat strikes or strike threats close to deadlines that amount to near blackmail. "The unions run our business," concedes Lord Thomson of Fleet, Britain's premier press lord, whose prestigious but money-losing Times is desperate for readers. Adds Thomson: "They even censor our papers...
...until negotiations collapsed last week. Then they announced that they would strike no more than three lines. They chose their first target carefully. Union Pacific is one of the nation's most profitable railroads. Not unexpectedly, the railroads condemned the strike against Union Pacific as an attempt to "whipsaw" them. "The purpose of this union tactic," said Rail Spokesman John Hiltz Jr., "is to force inequitable settlements on one or a few carriers at a time and then extend the process to other victims...
...amount equal to 16% of the U.S. gross national product. On top of that, the Federal Reserve contracted the money supply by 5.2%. Says Paul McCracken: "The remarkable thing is not that there was a 1921 recession but that our economic system survived under this massive fiscal and monetary whipsaw...
...will never see. Fully 75% of them have had no training at all for the world of work. Unemployment in the 16-19 age group is 13.6%, the highest of any age group in the land (see BUSINESS). These "push-outs" are the first to be caught by the whipsaw of poverty and despair...