Word: annually
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Dates: during 1960-1969
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Cyclical Roller Coaster. The 80-month U.S. boom reflects a climate of growth, but also stability. A notable measure of that stability was the willingness of the Ford Motor Co. last month to guarantee up to 95% of the annual wages of workers in what has historically been an unstable, layoff-prone industry. Since 1834, the U.S. economy has ridden the cyclical roller coaster through 31 booms and busts. Nobody is willing to predict that cyclical peaks and troughs can entirely be eliminated. But many economists are convinced that with prudent and prompt cooperation between business and Government, business...
...subject was miniskirts, and her judgment was that "never in the history of fashion have so many illusions been destroyed in so short a time." Such sentiments were catnip both to the readers of Harper's Bazaar and to the judges of the first annual Magazine Awards given jointly by the J. C. Penney Co. and the University of Missouri. The panel awarded a $1,000 prize in the fashion and beauty category to stylish Stout-Heiress Gloria Guinness, 53, for her article in the June 1966 Bazaar deploring the "short, short, short skirt" as "that crazy young look...
Worse, to Carnegie thinking, the $9,000,000 is a one-shot grant rather than part of a permanent annual endowment that would insulate the Public Television Corporation from yearly budget screening and perhaps meddling censorship attempts by Congress. Says Edward P. Morgan, the veteran ABC newscaster who is chief correspondent of PBL: "No self-respecting journalist can go hat in hand to Congress every year, saying, 'We'll treat you better next year if you give us $100 million...
...Sperry Corp.; of a heart attack; in Henderson, N.C. Though he was not a flyer, in the early 1930s Morgan was president of North American Aviation and Curtiss-Wright, as well as Sperry Gyroscope; in 1933 he concentrated on Sperry, diversified into missiles and hay balers, and boosted annual sales from $3,000,000 to $240 million by retirement...
...recent troubles, Korvette obviously has high hopes too. Built for $1,500,000 from the shell of the defunct Saks-34th Street, the new store-Korvette's 45th-is meant to be the nine-state chain's biggest revenue earner, with expectations of $35 million in annual sales. The store will stress conveniently arranged, gaily displayed merchandise while playing down the head-on price rivalry that is supposed to characterize discount operations...