Word: americanizing
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Dates: during 1970-1979
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Early last week typical spot prices for Persian Gulf crude stood at $37 to $38 per bbl., vs. OPEC's official maximum of $23.50. After the seizure of the U.S. embassy in Tehran, rumors swirled that anti-American fanatics were shutting the tap on exports. Spot traders began desperately scrambling to buy spare cargoes. In Rotterdam, prices ticked up almost by the hour. In New York City, some sellers were demanding an astronomical $47 to $48 per bbl. Though heating oil is retailing in New York at about 850 per gal., spot market imports of the fuel were going...
President W. Paul Tippett Jr. of American Motors Corp. used to joke that his company actually had a three-word name: "Ailing American Motors." Now Tippett and his colleagues are laughing for a different reason. AMC has pulled back from the brink yet again, chiefly by cutting its work force, consolidating its plants and concentrating on a few small cars and specialized vehicles...
...best future asset is the forthcoming liaison with France's rich dowager, Renault, which will eventually own 22.5% of American Motors stock. Renault's mini Le Car is selling well in AMC showrooms and drawing customers to some of American Motors' own models. Automakers will survive in the future, says Meyers, if they sharply focus their markets and hook up with international partners. Those that do not, he adds, "will be wiped out as thoroughly as Custer's 7th Cavalry...
Marina Whitman, the newly appointed chief economist of General Motors, I claims that she can almost cite the fateful day when the men who run New York City's banks declared: "O.K., fellas, we've got to let them in." Them are American women, and it was only half a dozen years ago that they began to be admitted, little by little, to the executive establishment. Whitman knows because when she meets groups of bankers, she sees more and more women junior executives, poised for that big leap up to higher management. But almost...
...hurdler was in his prime. In just 10 games, Fouts has passed for a league-leading 2,479 yds., and his 63.2% completion percentage puts him first among the N.F.L.'s 28 starting quarterbacks. On his strong arm, the Chargers climbed to a tie with Denver in the American Football Conference's Western Division, with a record of 7 wins and 3 losses, and have a good chance of making the playoffs for the first time since the A.F.L./N.F.L. merger...