Word: slides
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Dates: during 1950-1959
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...totted up in dollars and cents last week by the U.S. Agriculture Department: primarily because of a drop in hog and chicken prices, total farm income fell much faster in 1959 than predicted only a month ago, will fall 15% below 1958 to about $11.2 billion, and will probably slide another 7% or more...
...projects cutting patterns on steel plates. Overseeing all is an electronic brain named "Big Brother" that tells Schlieker which machines have not worked at full capacity and why. From keel to launching, Willy can build a 20,000-ton vessel in three months. This year 170,000 tons will slide down his ways...
...fact that the slide will not be more severe is a good indication of the basic health of the U.S. economy. Despite the steel strike, most sectors of the economy are moving along steadily. To help offset a bigger drop caused by inventory depletion, the gross national product will benefit in the third quarter by increases of $1 billion in state and local expenditures, $1 billion in new plant and equipment, $3 billion in consumer spending. "Despite the crippling of one of the nation's chief industries," said the First National City Bank of New York in its monthly...
...stock market, which has drifted steadily lower for seven weeks, last week apparently found bottom. In two days stocks bounded up 16.40 points to 632.85 on the Dow-Jones industrial index, the biggest increase in seven months. The slide had not been caused by heavy selling but by a lack of buyers; volume had been thin. Many a broker guessed that the 615-to-620 level, where the market had found strong support last week, may turn out to be a firm bottom from which the market will rise to new peaks...
...case, if the U.S. economy does start to slide in 1961, there will be a strong source of recovery not present in the last three recessions-the World War II baby boom. By 1962, the war babies will start coming into the market in big numbers for cars, houses, boats, etc., are expected to provide vast new markets in the booming...