Word: chrysler
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Dates: during 1970-1979
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...main areas: the ability of the company to cope with such business conditions as liquidity shortages, the management of corporate assets, and the reliability of the firm's financial reports. Early meetings have borne out the predictions. At last week's annual meeting of Touche Ross Client Chrysler Corp., 650 shareholders peppered management with some questions that the accountants had not included in their forecast. Among them: Would Chairman Lynn Townsend agree to resign? The answer...
...tiny San Diego (pop. 4,750), seat of Duval County in the heart of the south Texas triangle, a team of sheriffs, marshals, and Texas Rangers was closing in on its man. Then it spied the fugitive's 1969 Chrysler Imperial at the edge of a quiet pasture, and the search was over. Slumped over the steering wheel, a bullet in his brain, was George B. Parr, 74, the "Duke of Duval," an affable, unimposing man who for decades reigned as one of America's most autarchic political bosses, the man who reputedly put Lyndon Johnson...
Just about everybody has some extra cushions, though they are becoming thin and frayed. Most (but not all) jobless auto workers collect supplemental unemployment benefits of just under 95% of their basic pay. But Chrysler Corp.'s SUB funds are expected to run out by early April and General Motors' by mid-May. Other unemployed people are drawing down their bank savings and selling off stocks. In sum, few people are totally destitute yet, but there could be spreading poverty and grave social trouble if high unemployment persists...
...college or vocational courses to collect G.I. Bill benefits, which pay $270 a month for a single person. After collecting their food stamps at the Los Angeles County Department of Social Services, some of the unemployed stop at nearby vacant lots-to pick wild mustard greens. A laid-off Chrysler senior engineer, James Howard, 44, has become a Mr. Fixit, going round his neighborhood in Detroit to repair furnaces, rehabilitate appliances and install storm windows that he builds. Norman Sanders, 55, an unemployed electrician from Somerville, N.J., found a solution: "My two married sons and I set up a commune...
...Americans, all employees of General Motors, Ford or Chrysler, ranged in age from 21 to 53 and in experience from eight months to 21 years on Detroit assembly lines. They spent four weeks at a Saab engine plant in Sodertälje, Sweden, under a Cornell University project funded by the Ford Foundation. According to a report completed last week by Robert Goldmann, a Ford Foundation program officer who accompanied the group, the six generally found the physical working environment at Saab better than at home. More work space per person and omnipresent safety officials made the plant less hazardous...