Word: co
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Dates: during 1960-1969
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...better. A Gallup poll released last week found that 59% of voters disapprove of Wilson's government v. only 22% who approve. Most of the disapproval centers around domestic policies: 84% were unhappy over the rising cost of living. A strike by 38,500 workers against Ford Motor Co. was settled last week, but the 24-day work stoppage cost Britain $60 million in exports. Wilson himself has called the union walkout irresponsible. He is furious because the loss will have to be recouped by tightening the budget or by further limiting imports...
...women, "overly strong perfume works well in many cases." Should instant promotion threaten, more extreme action can be taken. Creating the impression of a sordid personal life is an excellent ploy. Arrange for a friend to telephone at the office, suggests Peter, and then within earshot of several co-workers cry out, "Don't tell my wife. If she finds out this will kill her." The hint of scandal ought to scotch any chance of promotion...
Died. Grover Magnin, 83, specialty-store magnate, who helped build I. Magnin & Co. into a 21-store chain that became the prime West Coast source of haute couture, was named president in 1944 when I. Magnin merged with Bullock's of Los Angeles, but was later eased out of office by the Bullock faction; in San Francisco...
Reluctant Step. One reason the rate increase caused so little commotion was that it had been anticipated in banking circles for weeks; the only question was which bank would start it. New York's Morgan Guaranty Trust Co. took the reluctant first step. The bank is, after all, well attuned to credit pressures. A leading corporate lender, it was one of the banks most severely squeezed in the "credit crunch" of 1966. This time, the Federal Reserve Board's policy of gradual "disinflation without deflation" has kept U.S. banks at some distance from anything like the 1966 crisis...
...increased $5.3 billion in February to a record annual rate of $491 billion. Most of that jump came from substantial wage increases, which spur businessmen to invest in labor-saving new facilities and equipment. Beyond that, says John R. Hunting, president of Philadelphia's First Pennsylvania Banking & Trust Co.: "Borrowers feel that inflation is here to stay and that it's better to borrow now than later...