Word: slowdowns
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Dates: during 1970-1970
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...common cry for social justice. Though relatively quiet for nearly two years, they have all along resented the shift of the nation's protest from civil rights to the war and the environment. But the Nixon Administration's Southern strategy, accenting law and order and a slowdown on school integration, rankled deeply. Then came armed peace officers blasting away with guns at Kent State and Jackson State and in Augusta−and once again the excessive use of police power only enlarged the unrest it had sought to quell...
...need for a slowdown was evident. But now, to an ever-growing number of businessmen, workers, consumers?and voters?the game plan sounds like an exercise in fantasy. The awkward months have lengthened into painful seasons, and the alleviation of inflation that was supposed to be worth all the unpleasantness seems nowhere in sight. In his 16 months in office, Nixon has posted an unenviable economic box score...
...when the economy is strong, plunges precipitously when business weakens (and sometimes when it does not). Moreover, the economy has not suddenly run out of steam because of some inexplicable decline of consumer demand. Most of the drops in profits and jobs are the result of a deliberate, managed slowdown...
...difficult to prove. J.P. Stevens & Co. Inc., which makes a broad range of textile products, closed three of its mills for a week last month. Deering Milliken cut several of its plants back to a four-day week. But much of that can be attributed to the overall slowdown in the economy. Actually, the U.S. textile industry has increased its sales from $13.8 billion in 1960 to $21.3 billion last year, and employment has edged upward from...
Uneven Effects. The mini-recession has had uneven effects across the economy. Airlines suffer immediately from corporate cost-cutting. Trans World Airlines reported a $40 million loss for the quarter, partly caused by the work slowdown on the part of air-traffic controllers during March. RCA, hurt by a decline in sales of television sets and other consumer items, had a profit drop of 36%, to $27 million. Oil-company earnings so far have generally decreased...