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Name Dropping. Some fellow lobbyists in Washington believe that if the memo was a fake, it was one perpetrated by Mrs. Beard. Among the lobbying fraternity in the capital, where salaries for such work often climb to six figures, Dita Beard was virtually unknown; she earned only $30,000 and lived in a modest house in nearby Arlington, Va. Important lobbyists entertain in baronial houses, charter airplanes, give lavish cocktail parties. Dita Beard lived more like a suburban schoolteacher. Once a year, in ITT's name, she gave a small Christmas cocktail party for 30 or 40 people. Curiously...
Factory orders are up, and inventories are at last slowly rising. Most significant, in what could be the start of a more rapid economic climb, industrial production jumped a sharp .7% in February, bringing the total increase in the past three months to a sturdy...
Cyclical stocks that rise and fall with the economy should do well. This includes shares in autos, photographic equipment, building developers, leisure products, hotels, airlines, machine tools, appliances and office equipment. Such blue chips as steel, chemicals and railroads should also climb, in part because many are overly depressed. Other probable winners are CATV, brokerage-house and bank stocks. Likely to be among the poorest performers in the next few months: international oil companies, which are being forced to pay to host countries more and more of their earnings; public utilities, which find it difficult to raise their rates...
BETTY MCFADDEN, 50, merchandising vice president of Chicago-based Jewel Tea Co., is the first woman executive of that big supermarket chain. The climb has taken 20 years, and she says without bitterness, "I haven't moved as fast as I would have had I been...
...consumers would pocket only an average of 10% on premiums for bodily injury insurance v. 42.6% in Massachusetts, where the minimum suit possible on wage and medical losses must be for more than $2,000. Since the price of collision coverage and other forms of auto insurance continues to climb ceaselessly, moreover, at least part of those savings would be wiped out for consumers who purchase a total-insurance package...