Word: closings
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Dates: during 1970-1979
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...many shoppers out of the stores. Yet there is no reason to look for an especially deep recession in the year ahead." Less optimistic is Robert Nathan, another member of the TIME board. He foresees a slump that could last six quarters and a jobless rate that could hit close...
Congressional sources say that Chrysler Corp. representatives have warned them that unless financial aid comes forth by the end of the year, the stricken automaker may have to close its doors. Two months ago, Chairman John Riccardo was telling legislators that the company would need some federal assistance by early next year, but last week's long awaited announcement of the company's $207 million second-quarter loss has compressed that timetable. A shutdown of the nation's tenth largest manufacturer (1978 sales: $13.6 billion) and sizable defense contractor ($625 million in 1978) would have far-reaching...
...Episcopal Church, the U.S. branch of Anglicanism, the language of the venerable book remained remarkably close to that of the 16th century, even after its most recent revision in 1928. But Episcopalians now are on the verge of a substantial break with Cranmer. Next month, after three years of trial use, a modernized prayer book will come up for final approval at the church's General Convention...
Cynics said it would never last, the marriage between a willful Greek shipping million-heiress and a doctrinaire Soviet. But last week Christina Onassis, 28, and Husband Sergei Kauzov, 40, celebrated their first wedding anniversary with a few close Greek friends on Christina's island, Skorpios. The party was deliberately simple: an anniversary cake helicoptered in from the mainland, along with champagne, caviar, smoked salmon and lobster. Then the couple led off some barefoot dancing, choosing a tango as their starter. There were no signs of discord in the union. Sergei, who has been allowed out of Moscow...
...took a fair amount of brass and something like genius to transcend these limitations. Judy Garland in Wizard of Oz and Mickey Rooney in Boys' Town did it by the sheer force of their gift. But to ward the close of World War II, styles changed...