Ask the Scholar
Page 21 of 40
I can add historical knowledge about this page.
Page image
OCR
5
It was a sobering year, a time when people turned to natl stoicism.
"Save your money and reassess your values. Wait and see. 11 UPI
says while outlook doesn't seem to be bleak, neither does it herald
any great improvement in texture of US life.
Noting "pessimists suggest growth is negative" and we're already
in a recession, Bus Wk points out many stix coming out don't back up
this appraisal. Most impt, employment gains are still significant
Help-wanted ads still hold at high level. This doesn't jibe / general
air of pessimism beginning to pervade. economic fraternity. 11 But,
mag admits, stix don't reflect e-crisis effects and "it's still very
unclear how serious" they are
Tenor of mood at UMW Conv,
reports Bus Wk, was that nationwide coal strike may be inevitable.
In lead story WS Journal reports "long-anticipated housing slump
has turned into full-fledged recession that could become 1 of worst
ever for the industry. High interest rates and uncertainty about
economy have sent home sales plunging. Housing starts have been
declining faster and more severely than analysts expected, and a
sharp drop in bldg permits indicates further declines are ahead. 11
Additionally, E-crisis is "already hampering the industry
New-
home mkt is fast drying up. 11
In lead story, Bus Wk notes by SOTU, RN could have in place
his Phase 5: "an indpt stabilization agency / power and staff to monitor
economy and roll back outsized w/p increases. Admin will merchandise
agency as a 'transitional' step to de-control, but more likely it'll turn
out to be permanent fixture. 1st clear signal of these plans "came /
CLC decision re: auto controls, "strongest indication to date a
permanent program is almost inevitable.
11
Bus. Wk. sees Chrysler
in "triple trouble": there's "evidence its catalyst-equipped cars will
give poorer gas mileage" than GM's; "it's saddled / $200M bill for
restyling its big cars, whose mkt has been knocked out by energy worries";
and "it has no domestic subcompact in its line. 11
Bus Wk reports population analysts see growth "slowly winding down
and ending around 2040, 11 at which time US population will "reach maximum
and level off. But effects will be felt long before" / median age, 28. 1
years in '72, rising to 34 by 2000. Mag notes "many economists feel
beneficial effects of slower population growth, as well as supposed
negative effects on some industries, are greatly exaggerated. 11 For
Page data
- Page
- 21
- Source index
- 0
- Type
- photo
- Media ID
- 46ced4fdcb7d6cd1
- Size
- unknown
Document data
- ID
- 574789590
- Core
- doc
- Type
- document
DTO data
{
"id": "574789590",
"sourceUrl": "https://catalog.archives.gov/id/574789590",
"contentType": "document",
"title": "News Summaries - December 1973 [10 of 16]",
"citationUrl": "https://catalog.archives.gov/id/574789590",
"collections": [
"White House Staff Member and Office Files (Nixon Administration)",
"President's Office Files"
],
"iiifBase": "https://s3.dualstack.us-east-1.amazonaws.com/NARAprodstorage/lz/presidential-libraries/nixon/rn-smof/876218/Batch0003/064/37-sf-smof-pof-876218-064-10/37-sf-smof-pof-876218-064-10-001.jpg",
"thumbnailUrl": "https://s3.dualstack.us-east-1.amazonaws.com/NARAprodstorage/lz/presidential-libraries/nixon/rn-smof/876218/Batch0003/064/37-sf-smof-pof-876218-064-10/37-sf-smof-pof-876218-064-10-001.jpg",
"largeImageUrl": "https://s3.dualstack.us-east-1.amazonaws.com/NARAprodstorage/lz/presidential-libraries/nixon/rn-smof/876218/Batch0003/064/37-sf-smof-pof-876218-064-10/37-sf-smof-pof-876218-064-10-001.jpg",
"imageCount": 40,
"hasImages": true,
"source": "import",
"hasTranscription": false
}
Context sent to Scholar
Document identity
{
"localId": "574789590",
"label": "News Summaries - December 1973 [10 of 16]",
"core": "doc",
"dtoType": "document",
"citationUrl": "https://catalog.archives.gov/id/574789590"
}
Document source metadata
{
"id": "574789590",
"sourceUrl": "https://catalog.archives.gov/id/574789590",
"contentType": "document",
"title": "News Summaries - December 1973 [10 of 16]",
"citationUrl": "https://catalog.archives.gov/id/574789590",
"collections": [
"White House Staff Member and Office Files (Nixon Administration)",
"President's Office Files"
],
"iiifBase": "https://s3.dualstack.us-east-1.amazonaws.com/NARAprodstorage/lz/presidential-libraries/nixon/rn-smof/876218/Batch0003/064/37-sf-smof-pof-876218-064-10/37-sf-smof-pof-876218-064-10-001.jpg",
"thumbnailUrl": "https://s3.dualstack.us-east-1.amazonaws.com/NARAprodstorage/lz/presidential-libraries/nixon/rn-smof/876218/Batch0003/064/37-sf-smof-pof-876218-064-10/37-sf-smof-pof-876218-064-10-001.jpg",
"largeImageUrl": "https://s3.dualstack.us-east-1.amazonaws.com/NARAprodstorage/lz/presidential-libraries/nixon/rn-smof/876218/Batch0003/064/37-sf-smof-pof-876218-064-10/37-sf-smof-pof-876218-064-10-001.jpg",
"imageCount": 40,
"hasImages": true,
"source": "import",
"hasTranscription": false
}
Document source extras
{
"url": "https://catalog.archives.gov/id/574789590",
"naId": 574789590,
"levelOfDescription": "fileUnit",
"recordType": "description",
"ocrSource": "nara-archive"
}
Page context
{
"seq": 21,
"pageIndex": 0,
"type": "photo",
"url": "https://s3.dualstack.us-east-1.amazonaws.com/NARAprodstorage/lz/presidential-libraries/nixon/rn-smof/876218/Batch0003/064/37-sf-smof-pof-876218-064-10/37-sf-smof-pof-876218-064-10-021.jpg",
"mediaId": "46ced4fdcb7d6cd1",
"ocrText": "5\nIt was a sobering year, a time when people turned to natl stoicism.\n\"Save your money and reassess your values. Wait and see. 11 UPI\nsays while outlook doesn't seem to be bleak, neither does it herald\nany great improvement in texture of US life.\nNoting \"pessimists suggest growth is negative\" and we're already\nin a recession, Bus Wk points out many stix coming out don't back up\nthis appraisal. Most impt, employment gains are still significant\nHelp-wanted ads still hold at high level. This doesn't jibe / general\nair of pessimism beginning to pervade. economic fraternity. 11 But,\nmag admits, stix don't reflect e-crisis effects and \"it's still very\nunclear how serious\" they are\nTenor of mood at UMW Conv,\nreports Bus Wk, was that nationwide coal strike may be inevitable.\nIn lead story WS Journal reports \"long-anticipated housing slump\nhas turned into full-fledged recession that could become 1 of worst\never for the industry. High interest rates and uncertainty about\neconomy have sent home sales plunging. Housing starts have been\ndeclining faster and more severely than analysts expected, and a\nsharp drop in bldg permits indicates further declines are ahead. 11\nAdditionally, E-crisis is \"already hampering the industry\nNew-\nhome mkt is fast drying up. 11\nIn lead story, Bus Wk notes by SOTU, RN could have in place\nhis Phase 5: \"an indpt stabilization agency / power and staff to monitor\neconomy and roll back outsized w/p increases. Admin will merchandise\nagency as a 'transitional' step to de-control, but more likely it'll turn\nout to be permanent fixture. 1st clear signal of these plans \"came /\nCLC decision re: auto controls, \"strongest indication to date a\npermanent program is almost inevitable.\n11\nBus. Wk. sees Chrysler\nin \"triple trouble\": there's \"evidence its catalyst-equipped cars will\ngive poorer gas mileage\" than GM's; \"it's saddled / $200M bill for\nrestyling its big cars, whose mkt has been knocked out by energy worries\";\nand \"it has no domestic subcompact in its line. 11\nBus Wk reports population analysts see growth \"slowly winding down\nand ending around 2040, 11 at which time US population will \"reach maximum\nand level off. But effects will be felt long before\" / median age, 28. 1\nyears in '72, rising to 34 by 2000. Mag notes \"many economists feel\nbeneficial effects of slower population growth, as well as supposed\nnegative effects on some industries, are greatly exaggerated. 11 For"
}