Word: brighter
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Howard Deichen has even brighter prospects. A '77 M.B.A. from Northwestern, he joined Northwest Industries at $25,000, was assigned to a planning and acquisitions group, helped arrange the purchase of a $200 million Coca-Cola bottling operation in Los Angeles, then became a special assistant to Northwest President Ben W. Heineman. When Northwest organized NWT Natural Resources Co. earlier this month to drill for oil and gas, Deichen was made president. Now, at 28, he is getting a salary and bonuses that may hit $75,000, plus handsome stock options. He still skips off occasionally for long weekends...
Harvard middle MIKE DAVIS separated his shoulder for the second time this season in the Brown game, which is bad news for Harvard. But on the brighter side, attack NORM FORBUSH, the leading assist man on last year's squad, returned from his separated shoulder injury in the same game. It's been one of those years for the laxmen, who square off against Yale today at the Business School Field...
What of the future? Goodman does not indulge in hollow optimism or shrill pessimism. He is worried. If Saudi Arabia, which accounts for nearly one-third of OPEC's output, drastically cuts the flow, there will be economic depression in the West. On the brighter side: Saudi Arabian moderation may prevail in the Middle East; conservation and higher production in the West may curb the growth of petrodollars, increase confidence in currency and spur a greater sense of community. The bottom line of Paper Money is that, depending on those pesky exogenous variables, things could go either...
...protest the boycott on the grounds that such tactics hurt long-run sales because they drive customers like the Soviet Union to other, more reliable suppliers. But few farmers can still contend that the embargo seriously hurts their profits. Indeed, the outlook for the American farmer has seldom seemed brighter. Prices have been rising fast, and the market for U.S. grain continues to expand. Says Agriculture Department Analyst Paul J. Meyers: "The long-term trend is for growth in the export trade and for relatively higher prices." Meyers predicts that the U.S. will export 1.53 billion bu. of wheat...
...wage earners put away a prudent 6.1% of their disposable income, rather than the anemic 4.7% reported earlier. Observed Courtenay Slater, chief economist of the Commerce Department: "The notion that people are dipping into savings to sustain consumption is probably slightly exaggerated." The new figures also gave a somewhat brighter picture of the nation's lagging productivity. Real output per hour worked grew at an average annual rate of 3.2% between 1969 and 1979, instead of the 2.9% previously estimated...