Word: bigs
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Dates: during 1970-1979
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...flagpole atop bush-covered Ancon Hill. The Panama Canal Zone, the 648-sq.-mi. enclave that had been under U.S. sovereignty since 1903, had ceased to exist. Its absorption by Panama was the first step in a process that will give that country control of the Big Ditch by the year...
...spectacular, but that goes for its gyrations too. Though investors by the thousands routinely speculate on possible price movements of the yellow metal by buying and selling so-called futures contracts on commodities markets, trading in the actual gold itself is much more limited, and a mere handful of big investors can and do bring about significant changes in price. In just four weeks, gold leaped from $330 per oz. to hit $447, only to lose half that impressive gain by the end of last week. Anyone who plunged in for a quick killing at the wrong moment got badly...
...truck sales accounted for well over half of Ford's automotive profits; now they produce less than one-third, and all of that comes from trucks. In fact, Ford suffers from a milder case of the problem that afflicts Chrysler: Americans have not been buying big, heavy cars. But unlike Chrysler, Ford is earning money because it has hugely profitable overseas operations that easily offset the domestic losses...
Ford will introduce a front-wheel-drive subcompact code-named Erika by next fall. In the meantime it has just completed a costly effort to downsize its big gas-gulping Lincoln Mark VIs, Cougar XR-7s and Thunderbirds for the 1980 model year and to boost its fleet average fuel economy 13% to an industry high of 21.6 m.p.g. But for a while, Ford's only real strong points will be its overseas operations and its brisk truck business...
...they are giving their workers the choice of taking their annual raises in a single lump sum as soon as the increases are granted, rather than having them parceled out in paychecks through the year. Employees like this option because it allows them to use their raises to buy big-ticket items like cars, color TVs and refrigerators sooner rather than later, when they may cost more. But some employers fear that the practice of giving lump-sum raises, if it were to spread, might fan inflation by fostering a buy-now philosophy...