Word: alongers
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Dates: during 1970-1979
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...bailout plan comes with strict conditions attached, and it must also be approved by Congress, which will probably go along but may attach further limitations. Even so, the news cheered Chrysler's management, which is counting on a line of fuel-efficient, front-wheel-drive cars due to appear next year to spearhead a reversal of the company's decade-long slide and return it to solid profitability by 1981. Said lacocca after the Administration's announcement: "It's a vote of confidence we needed." Added Auto Workers Chief Douglas Fraser, who is joining Chrysler...
...preparing to drop the guide out of the guidelines. In the course of courting labor's support in the 1980 election, the Administration has drifted toward accepting the union position that the pay ceilings need more "flexibility." Says Labor Secretary Ray Marshall: "With inflation barreling along at its current rate, the old guidelines are clearly untenable." A top Administration aide confided last week: "It would be unreal to expect labor to accept continuation of a program that was successful in holding down wages but a disaster in holding down prices." And one official on the COWPS, which administers...
...between two perils: even more inflation and deeper recession. Fresh harbingers of both of these threats appeared last week. The unemployment rate, which had dipped unexpectedly to 5.8% in September, returned to 6% last month-a sign of a softening economy. But other figures showed business continuing to perk along despite attempts to dampen inflation by curbing growth. Prices charged by wholesalers rose another 1% in October, while the index of "leading" indicators, which is supposed to foreshadow future economic trends, rose by a strong 0.8% in September. The net effect: the mild downturn that both the Administration...
...they lived together five years before the union was made legal in 1915. During Il Duce's rise and reign from 1922 to 1943, Donna Rachele remained at home, keeping house and rearing their five children. After the dictator was shot by partisans and hanged by the heels along with Claretta Petacci, his best-known mistress, his destitute widow returned to her native Forli. There she battled successfully for her right to a government pension, the Christian burial of Mussolini's remains and the return of many former possessions. She also ran a restaurant-inn for the past...
DIED. Sir Barnes Neville Wallis, 92, British wizard of aircraft design who invented the "bouncing bombs" used to destroy German dams along the Ruhr, a World War II exploit celebrated in a book and the film The Dam Busters; in Leatherhead, England. Sir Barnes' career began with his World War I work on a British counterpart to the German zeppelin, included his development of the first swing-wing jet aircraft and hollow aerofoil design, and ended in 1971 with his efforts to improve upon the supersonic Concorde, a machine he considered rather primitive...