Word: analysts
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Dates: during 1970-1979
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...fund benefits in an era of double-digit inflation will be difficult but inevitable. Without some moderate increase in the burden on current workers combined with some decrease in benefits for current and future retirees, the fate of many pension programs is grimly clear. Says Richard Roeder, a pension analyst in Detroit: "For the Hamtramcks of this country, no one has an ark. The flood will come...
...result is that longtime bears are lumbering out of hibernation. Market Analyst David Bostian of Bostian Research Associates, one of the Street's better-known pessimists, is trumpeting that the Dow could reach 2,000 within five years. Schroder Naess & Thomas, which manages $1.3 billion of institutional accounts, decided to increase its stock holdings by at least 25% because it was fearful of missing the market altogether. Explains Research Director John Groome: "We may be premature, but we are going to be there when the market explodes on the upside." That is widely expected to occur when inflation, interest...
Founded in 1934 by the late Freudian analyst Robert Young, Wediko is the nation's oldest therapeutic camp for disturbed youngsters. Once it took only boys who had relatively minor neuroses. Today Wediko is more daring. Supported by private and public funds (cost per child: $1,500), it accepts badly troubled youngsters of both sexes. Of its 144 campers this summer, many have been battered and sexually abused. Some refuse to eat; others are withdrawn, suicidal and even homicidal. Explains Psychologist Hugh Leichtman, the camp's director: "These children are very resistant to change...
John Hanley, chairman of Monsanto Co., remembers his moment of conversion. Last March, at a Citibank board meeting in Manhattan, he heard a Georgetown University political analyst expound on America's deteriorating position in the world. As Hanley recalls, "I went home to St. Louis and sat down alone in my office and listed all the candidates from both parties who could conceivably run. Never mind if we could elect him, but who would have the best chance of changing the situation? It was clear as a bell to me that it was John Connally. I sent...
That issue was left for the case of the "blue-collar Bakke": Brian Weber, 32, now a $20,000-a-year, white, laboratory analyst at a chemical plant in Gramercy, La. He had sued both his employer, the Kaiser Aluminum & Chemical Corp., and the Steelworkers Union in 1974, charging that he had been illegally excluded from a training program for higher paying skilled jobs, such as electrician and repairman, in which half the places were reserved for minorities. Though Weber won in two lower courts, he lost in the high court. By a 5-to-2 vote, the justices ruled...