Word: affluent
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...surprised to learn that the acronym ECAR stands for East Central Reliability Council. While visiting Pebble Beach, Calif., I was informed that the Monterey Peninsula was peopled mostly by ECARs: Elderly. Conservative. Affluent Republicans...
...large (48% of the company's profits) but cyclical. Amexco stands to get a much higher profit by investing its pile of cash in a capital-intensive business like publishing instead of in securities. The company could sell magazines and books to its 9 million mostly affluent credit card holders, allow them to charge their subscriptions on the card, and, if the cardholders gave their permission, automatically renew the subscriptions without going to the costly bother of resoliciting them every year...
...case, those fears have an ironic ring. In a mostly laudatory cover story on Robinson and American Express ("a cash machine"), Business Week advised in its Dec. 19, 1977, issue that Amexco's "best response" to new competition would be "to look for additional products for its affluent market, or to find other businesses that fit [its] specialized mold." Little did the staff guess that their own company would be target...
...that the rise of poor blacks has been blocked by environmental rules and other Government regulations, a view held by other black intellectuals. His argument: "Regulatory rules have impeded people who are climbing rather than people who are already at the top. There is a fundamental conflict between the affluent people, who can afford to engage in environ mental struggles, and the poor people, who need space and access to recreation. If you're talking about keeping the coastline pure enough for the standards of the Sierra Club, you're talking about keeping the people living in Watts...
DIED. Olga Deterding, 52, Swiss heiress (Royal Dutch/Shell Oil Co.), who frequently forsook affluent society to work for Dr. Albert Schweitzer in West Africa; after choking on a piece of meat at a New Year's Eve party; in London. Deterding first joined Schweitzer's hospital in 1956, while on an African safari. Assigned such chores as floor scrubbing and potato peeling, she stayed for a year, returning at irregular intervals until Schweitzer's death in 1965. "There are times when I like to suffer," said the peripatetic millionaire. "Having so much money makes it necessary...