Word: sluggish
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...great this "ripple effect" might be is anybody's guess; sluggish demand will certainly restrain some price increases. But some of the guesses are frightening. Senator Stevenson figures that the energy program could eventually raise living costs for the average family by $1,000 a year, or four times the $250 in direct fuel increases that the Administration estimates. A. Gary Shilling, chief economist at the Wall Street firm of White, Weld, fears that price increases forced by energy costs could total not $30 billion but $60 billion. That may be overblown, but if the increases go as high...
...majority of newsmen were sluggish in grasping the importance of the economic story, a handful of publications got caught up early on in a rather irresponsible kind of Depression Chic. New Times magazine showed on its cover imaginary breadlines at McDonald's. Philadelphia magazine published a "Survival Guide to the Next Depression." U.S. News & World Report, which is hardly trendy or sensational, recently examined the likelihood of another 1929-style crash. The cover line, "What a Depression Is Really Like-Scenes from the 1930s," was a bit alarming for the sober story inside. In fact, economists generally agree that...
...recovery, when it comes, is likely to be slow and sluggish at best. Many industry observers predict a generally flat year ahead, with no really significant upturn until August or September. The range of forecasts for total domestic sales is wide: Wall Street Analyst David Eisenberg believes that Detroit will sell no more than 6.5 million autos in 1975, but General Motors Chairman Thomas A. Murphy talks of a 9-million-car year. Though that would be well short of 1973's alltime high of 9.7 million new cars, it would be comfortably ahead of 1958, when only...
Another factor contributing to the sluggish Crimson effort may have been the fact that Harvard played just two nights previously in St. Louis. "I think we may have been a bit tired," said captain Randy Roth. "We just got in from St. Louis Monday night...
...conscientious and energetic man, Butterfield is respected by his peers on the NTSB and by the pilots themselves for his attempts to crank some new life into the sluggish and unwieldly bureaucracy he inherited. "If we can get tough, tough as hell," he says, "and not favor any segment of the aviation community, we are going to gain the respect we deserve." On that point, Butterfield clearly has the firm support of a constituency of nearly half a million Americans -the number that fasten their seat belts daily in U.S. airliners...