Word: downwards
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...pilot radioed his control center and said he would have to descend. Control notified the R.A.F. and commercial control towers, which quickly got slow prop planes out of the way. Then the 6-47 headed downward to level out at 12,000 ft. But before it could make an instrument landing, the bomber had to lighten its fuel load. For an hour and a half it circled the field, using up fuel. There was no place nearby where it could dump its dummy bomb load. By 10:30, it was ready to attempt a landing...
...record, and production kept rising. In the face of this economic strength, the truce in Korea had little noticeable effect, except on the stock market, which started to rise. Not till October was there any significant slackening in the steady rise of production; then it began to edge downward as the makers of autos, appliances, refrigerators, etc., began to trim their output, which in most cases had already exceeded their fondest hopes for the full year. Those who had feared that any step down from boom heights would mean a disastrous fall were proved wrong; the steps were orderly...
...England, whose Yankee pride and pocketbook have been hurt of late by the southward migration of the textile industry, could boast of checking its downward economic trend. While 21,000 textile jobs in the area disappeared during the year, more than that number opened up in such new fields as electronics and light metals.Typical of New England's Yankee ingenuity in creating new jobs was the feat performed by the little town of Harmony, Me. Its 700 harmonious citizens contributed $22,000 to pay one-third the cost of a new shoe factory which will employ 120 people...
...Arthur E. Bestor and his Educational Wastelands [TIME, Nov. 16]: Historian Bestor would have us make intellectuals of all children . . . Despite the fact that differentials in ability in public schools have increased downward since Bestor's school days, we are now turning out of the public schools more children who are actually better trained in subject matter . . . We must not return to the past when the special function of education was to cater to the needs of the few . . . WILBERT J. MUELLER Lawrence, Kans...
Actually, a spate of recession predictions has been a recurring phenomenon of the great boom. Time and again, economists have predicted that business would turn downward, usually in "about six months." But as the "six months" stretched into years with no drop, economists became more cautious. They now predict a decline in such indefinite terms that they can't be wrong. Only the future will determine whether the U.S. is now undergoing a "rolling readjustment" or "recession," or merely passing once again through a period of "Whatchamacallit," i.e., a troubled economic period which gives rise to all manner...