Word: chicago
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Dates: during 1970-1979
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...current single, "Half a Mile Away," has a Chicago-like big brass sound and a steady rock beat, but again the lyrics about a delinquent night life are as commercial and inane as the sound itself--a departure from Joel's earlier music. "My Life" and "Zanzibar" also set shallow words to fine music. The former mixes bold, upbeat instrumentals with creative back-up vocals from Chicago's Peter Cetera and Donnie Decus. The latter experiments with some faint Latin rhythm and a few typical Steely Dan cliches, mixing in a fine jazz trumpet solo by Freddie Hubbard...
Minnesota 17, Chicago...
...sorely tested in coming months. Last week Carter was saying all the right things, working a strong anti-inflation pitch into all his campaign speeches on behalf of Democratic candidates. Typically, he told a friendly crowd of 3,000 in the Niles East High School gym just outside Chicago: "I have spelled out to the Congress, to the American people, indeed to the world, a commitment on my part to make sure that we get inflation under control...
Bankers and businessmen quickly hailed the measures, which many thought long overdue. "Superb!" exclaimed Robert Abboud, chairman of First National Bank of Chicago. "It is stiff medicine but very much needed medicine, and I applaud the Administration for having the courage to apply it." Ford Motor Co. Vice Chairman and President Philip Caldwell said the dollar-saving moves should "slow inflation and re-establish growth on a healthier basis." Richard Kjeldsen, senior international economist for Security Pacific National Bank in Los Angeles, asserted, "The President's economic package is drastic, abrupt and volatile?it's just what the doctor ordered...
According to money traders, American companies have been selling dollars quite as actively as European and Japanese firms. Indeed, André Scaillet, chief money trader in Europe for First National Bank of Chicago, said before last week's rescue that American businessmen "are frequently more bearish on the dollar than the Europeans." Moreover, the selling had spread from U.S.-based multinationals to ordinary companies in the American heartland. In most cases, however, the selling was self-protective rather than speculative in the true sense; if a manufacturer in Illinois bought steel from a German mill, it had a strong motive...