Word: badly
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Dates: during 1960-1969
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...open. Silt is piling up in the canal so fast in the absence of dredging operations since June that five feet of navigable depth have already been lost. "If the canal stays closed another year," said an American engineer in Beirut last week, "it will be in such bad shape that they might as well turn it into an irrigation ditch and plant potatoes around it." Even the Egyptians seemed to be looking for alternatives: off to London last week went an official delegation to discuss construction of a 42-in. pipeline along the canal to carry 50 million tons...
During the past year, of course, it took bad judgment, bad timing and bad luck to lose money in the market. The Dow-Jones industrial average of 30 basic blue chips rose 15% in 1967, but the Dow is much too narrow a gauge. Outmoded and inadequate, it does not come close to measuring the total market or its most dynamic companies, even though it has an exaggerated influence over the market's mood. It closed last week at 864-just about where it was three years ago. The better, broader Standard & Poor index...
...separately to the school board on curriculum, finance and architecture. In a series of conferences with business leaders, he also insisted on assurances of community support, since "I cannot do it alone." Once installed in office, Briggs undertook a massive publicity campaign to bring home to Clevelanders just how bad the schools were. He even walked around town displaying photographic blowups of the stinking, 19th century toilets-open sewage troughs with a waste receptacle at one end-still used by 15,000 students. By 1966, Briggs's efforts had paid off in the form of a 20% increase...
...that the Pennsy's operating earnings for 1967 were off 68.7%, falling from $45,055,320 in 1966 to $14,091,593. Consolidated earnings, which covered non-rail activities, brought the total to $60,344,240, a drop of 33.2%. In the ailing railroad industry, that was not bad at all-and it seemed almost good compared with the Central's performance...
...loan associations, the largest single source of housing credit, that last year they did twice as much business with M.G.I.C. ($860 million) as with the FHA. Unlike the FHA, the Milwaukee firm relies on its 4,500 lender-customers to appraise the value of property it insures, screens out bad risks by spot checks. The company concentrates on loans for city and suburban one-family homes, generally insists on at least a 10% down payment. As a result, its foreclosure rate runs about half that of the FHA, which backs loans made on a mere 3% down payment...