Word: 1970s
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...place has felt the pain of General Motors' collapse quite as completely as Flint, Mich., which is about an hour's drive north of Detroit. Back in the early 1970s, GM had as many as 80,000 employees around Flint, making it one of the premier company towns in the U.S. But as GM's fortunes have fallen, so have those of Flint. GM is still the largest employer in town by far, but its Flint payroll has dropped to fewer than 8,000. Meanwhile, the Genesee County Land Bank owns more than 4,000 vacant residential properties...
...Dallas, and there is no way around it.” He continues: “He was the first coach of Harvard Debate for many years not to have been a Harvard debater (he went to Georgetown, then Harvard Law). When I first met him in the mid-1970s, he was partial to wearing one-piece pastel jumpsuits and had light orange hair down to his knees. Incongruously, when he spoke it was in one of the most pronounced West Texas drawls ever heard (he comes from Impact, Texas, outside Abilene). I remember someone making a cheesy movie about...
...unlawful. It was the fact that the sex was unwanted, that she repeatedly said no throughout the assault, that she had been drugged. Polanski isn't being hounded for behavior--like homosexuality--once thought to be deviant but now generally accepted as mainstream. In 2009, just as in the 1970s, it is considered a bad thing to rape a child and run from the law. And so will it be 30 years from now and 60 years from now. Even in Hollywood...
...Around the same time, Occidental was having problems. In the late 1960s the company bought Hooker Chemical Co. in a effort to diversify. But in the 1970s, allegations surfaced that toxic waste that Hooker dumped into the ground during the 1940s and early '50s was causing severe health problems in Niagara's Love Canal neighborhood. Oxy Pete needed cash to shore up this and other problems, and its CEO, Armand Hammer - flamboyant, powerful and ultimately corrupt - came up with a solution: raid the retirement kitty. Amazingly, this was legal at the time, and Hammer wasn't alone in doing...
...High interest rates in the inflationary 1970s produced solid returns for Oxy's bond-heavy pension fund - so much so that Oxy's accountants figured the plan was overfunded by $600 million. For Oxy to get at that cash, pension laws required it to close its fund and start again. It did so with a far cheaper option: the employee-funded 401(k). The company made it clear that with the high interest rates at the time, Oxy employees could see their 401(k) account balances soar with little risk. Few doubted it - Oxy, like most other big companies...