Word: springly
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Dates: during 1980-1980
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Surveys by both the University of Michigan and The Conference Board, a Manhattan-based research institute, show that consumers are now in a more confident buying mood about the economy than they were last spring, when the prime interest rate rose to 20% and the economy was in a very sharp recession. Yet that feeling may be shifting quickly...
Interest rates are again climbing. Major banks last week raised the prime interest rate, the amount they charge ma jor corporations, to 19%, or one percentage point short of the spring peak...
General Motors, which did not introduce any totally new models this fall but will put out its subcompact J-cars next spring, is likewise suffering a sales falloff. In November it sold 7.1% fewer cars than in the same month last year...
...Board's high interest policies as "madness" and conceded that his company will soon have to go back to the Government's Loan Guarantee Board for perhaps $200 million in federal-backed loans. Chrysler has already borrowed $800 million of the $1.5 billion that Congress agreed last spring to guarantee. Once again, Chrysler's continued existence is seriously in question...
...Faculty this week changed all that when it voted overwhelmingly to establish an honors concentration in literature that will begin operations immediately and accept its first group of concentrators this spring...