Word: baddings
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Dates: during 1970-1979
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That footloose style has brought Califano some bad moments at the White House. When Jody Powell, the President's press secretary, first heard of Califano's antismoking crusade, sure to anger the tobacco-growing states, the Georgian exploded: "That son of a bitch! We told him not to do that." Califano denies he ever got such instructions and says he discussed his plan with the President. And despite the predictably strong reaction, especially in North Carolina, Carter reassured the Secretary: "You're on the right track." Indeed, Carter has consistently supported his embattled Cabinet officer...
...that should result in better prices for consumers by midsummer. That hardly means the problem is on the way to being solved. After revising its wishful-thinking January guesstimate, the Administration now forecasts a total 1978 food price rise of 8% to 10%, and with a bit of bad weather between now and year's end, even that figure may turn out to be too optimistic...
Rising interest rates are bad news for mortgage borrowers, installment buyers, business people and just about everybody else. Last week the climb in interest rates became good news for anyone with a spare $10,000 lying around. On June 1, commercial banks began offering six-month, Government-guaranteed $10,000 savings certificates with interest equal to what the Government has to pay to large investors in order to sell six-month Treasury bills. Savings banks and savings and loan associations that market the certificates can pay as much as ¼% above the Treasury bill rate. In the past year, inflation...
...through business circles from Wall Street to Houston: Gulf Oil Corp., the nation's eighth largest industrial concern (sales last year: $17.8 billion), is in trouble. Though there is no question about the company's survival, it is in the midst of a painful struggle to overcome years of bad luck and fumbling management...
...store chain, agreed to a setup by which she spends only two days a week in Miami and goes to New York on buying trips every six weeks. Says Celanese's Wall: "A lot of guys refuse one move, but if you refuse two in a row, that's bad. And if you refuse three in a row, you may really be sticking yourself in the job you're in." Adds Ross Anderson, chairman of I. Magnin department stores: "We would never fire someone for turning down a move, but we don't make another offer unless he tells...