Word: bitters
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Dates: during 1970-1979
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...years a bitter debate has been raging over how to reform the operations of the nation's stock-trading business so that it can handle efficiently the diverse needs of more than 32 million investors. The need became obvious when the 1969-70 bear market forced more than a hundred brokerages into financial failure or shotgun mergers. The causes were numerous, but one overriding factor was that Wall Street was still geared to a bygone age of relatively slow trading by individual investors dealing in 100-share lots; the stock exchanges could not cope with the demands...
Although HSA bungled the transportation to Europe, for those who still got there, HSA published last year a very well-written guide, Let's Go: the Student Guide to Europe. Behind their high quality publication, bitter disagreements existed between Ryan and Donald C. Thomas III '72, the publishing division manager who resigned in September 1971. Ryan, Thomas and a third student had vied for the HSA presidency the previous Spring in a close contest...
...Kissinger arced through his diplomatic trajectories, the Democrats churned up bitter disputes at home about the war. Returning from a two week trip to North Viet Nam as part of a commission inquiring into U.S. crimes in Indochina, former Attorney General Ramsey Clark testified to the devastation wrought there by American bombing. "I saw hospitals bombed, some just damaged, some destroyed," he told a San Francisco press conference. "We're bombing the hell out of that poor land. You better believe we hit dikes and sluices and canals...
...standout reason is that paychecks are finally keeping ahead of inflation. In the years just before 1972, ever-fatter wage settlements negotiated by unions were all but canceled by increases in the cost of living, keeping the actual buying power of U.S. workers just about level and breeding bitter discontent in the factory. By contrast, real earnings have inched ahead about 3.2% in the past four quarters (see story, page 53). In effect, a drop in the inflation rate has made the smaller increases that labor can achieve without strikes in 1972 worth more than the bigger gains...
...seems a benign sort of place to be involved in bitter racial controversy. On a cold Sunday night in December 1968, six ranking members of the state house of representatives, just half a block down State Street, had dropped by for something to eat. The group included Jewish, Irish, Italian and Russian-American legislators and one black. House Majority Leader K. Leroy Irvis. "We were a real United Nations group," recalls Representative Harry A. Englehart Jr., a Moose from western Pennsylvania, who had suggested that they dine at the lodge since most restaurants in town were closed...