Word: buying
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Dates: during 1970-1979
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...California drivers started at the first sign of shortage to "top off' their tanks -buy a few gallons for an already mostly full tank-and thus caused a huge surge of panic demand. Secretary of the Treasury Michael Blumenthal told Congress last week that the average California gas purchase has lately been a mere $3-barely enough to fill a quarter of the tank of a compact car at today's prices. "I've had this car washed four times in six days," reported Fred Tyler as he stood beside a dripping Mercedes 280 on Santa Monica...
...Kennedy-Metzenbaum, remarked Rohatyn, "could be called the Large and Inefficient Business Protection Bill." The way to reduce conglomerate mergers, he added, is to improve economic policy. Bringing down inflation would lead to lower interest rates and higher stock prices. Companies then would no longer have the opportunity to buy out firms at fire-sale prices. Meanwhile, corporations would have more incentive to expand on their own by investing in new plants and machines. The combination of those factors, said Rohatyn, would reduce the number of mergers...
...last working day of the Johnson Administration in January 1969, the Justice Department filed suit against International Business Machines, accusing it of monopolizing the "general purpose" computer business. Specifically, IBM was charged with trying to force customers to buy entire IBM systems for commercial use, and with keeping competitors out of the market. A decade later U.S. vs. IBM is still droning on, a costly monument to the law's delay. The frustrating case, Yale Professor Robert Bork told TIME'S conference, is the antitrust division's "Viet Nam." Thomas Barr, the Cravath, Swaine & Moore attorney...
...describing the Reform Baptists' secret activities, Vins tells of a remarkable mobile publishing operation known as Khristianin (the Christian), that roams the country, turning out thousands of Bibles and pamphlets. Local Baptists gradually buy up paper and hoard it until a ton or more has been collected in one place. Then they call on one of their printing teams, which arrives with a special offset press that can be dismantled and carried in several suitcases. Since the Soviets permit no teaching seminaries for Protestants, the Reformers also run a Bible correspondence school, as well as an organization that seeks...
...primitive-art collectors; old servants who have made parasitism an honorable profession; and promising young men who will go directly from dugout to jet. The economy of the town remains fairly simple. Villagers from the bush sell smoked monkey meat to steamer passengers. The money is used to buy pots, cloth and razor blades from the shops in town. The shopowners can then eat Bigburgers...