Word: downwards
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...profit squeeze. The economy's recovery has not been as rapid as predicted, and expected earnings have been revised downward...
...Luther Hodges at a Washington convention of the National Association of Home Builders: "Business generally is good and should improve well into 1963." Said Dr. Walter Heller, chairman of the President's Council of Economic Advisers: The stock market slump "is not a reflection of current disappointments and downward revision in the near-term economic outlook...
Roaring into a hell-hot 3.443 m.p.h.. it peaked into a graceful arc. seemed to hover uncertainly for a brief moment, then hurtled downward. Minutes later, its tail skids carved a high rooster tail of dust in the wind-slicked silt of Rogers Dry Lake in California. The plane stopped. "Well." said Test Pilot Joe Walker as he threw off the switches in the cockpit, "there's that one for today." In his X-15, Walker had just streaked to a new altitude record for manned planes: 246.700 ft.-46.7 miles above the earth...
...into normal forward flight. The P-1127, which made its full flight test last fall, can land on a runway like an ordinary airplane or ease itself to the ground like a helicopter-supported by its four down-pointing nozzles. While it is hovering, four small air jets directed downward from the nose, tail and the wing tips give accurate control. Pilots of standard jets have little trouble with the P-1127; most learn to fly it in less than an hour...
...have declined from 5% of total sales in 1946-50 to 3.1% last year-and for many firms, caught between stable prices and rising costs, the shrinkage persists. Profits as a percentage of invested capital, which some businessmen consider the most important of earnings barometers, also continue to trend downward. Barring a round of price inflation, U.S. industry had only one hope of widening its profit margins significantly: a tireless campaign to cut its costs by increasing its productive efficiency...