Word: slides
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Dates: during 1950-1959
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...would restore copper import taxes which have been suspended (for all but nine months) since 1947. The Government's endorsement, made by Secretary of the Interior Fred Seaton, was a victory for Western miners and protectionists, who have stepped up attacks on the suspension since copper began to slide badly last year. If the bill goes through-and Administration endorsement makes it almost a certainty -all copper imports will be taxed at least 1.8? per lb., and 2? when the domestic price falls below...
...While mistrusting both tax cuts and wage boosts, the public "clearly favors some Government action" to halt the economy's slide-principally public-works programs, especially roads and schools...
...School). Gilbert joined Gillette as treasurer in 1948. became president in 1956. Into Gilbert's job goes Boone Gross. 53, a Texas-born West Pointer ('26) who heads Gillette's safety-razor division. As chief executive officer, Gilbert will face a $6,000,000 sales slide caused in part by the short, straight Italian haircut, which has cut sharply into the sales of Gillette's Toni home permanents. Says Gilbert of the style: "It'll change...
...Calm View. For all these woeful tidings, U.S. businessmen worried less than the politicians about the recession (see NATIONAL AFFAIRS). Businessmen did not brush the facts under the rug, but their anxieties were generally more for "the other guy" than for their own business. They saw no long slide but talked of the decline as the "saucer recession"-a curving dip to a level bottom and a climb on the other side. They viewed the now-dwindling inventory surpluses as a natural result of years of postwar expansion to keep pace with ever-growing markets-and considered this situation...
Prices & Productivity. Last week, as the recession appeared near the bottom of the slide, few thoughtful businessmen were anxious to force the tired bull to his feet too soon. They fear the speedy return of inflation, since prices, which normally drop in a recession, have held up surprisingly. Though many retail prices and some wholesale items dropped, the level of the nation's basic commodities is unchanged. The reason, say businessmen, is the organized labor philosophy that good business or bad, wages-and thus prices-must go up every year. Therefore, steelmen refuse to cut prices, not only because...