Word: coaster
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Riding a roller coaster is a Coleco tradition. Maurice Greenberg, a Russian immigrant, started the Connecticut Leather Co. in Hartford in 1932 to sell supplies to shoemakers, but his sons Arnold and Leonard began conglomerating in the 1960s. They shifted from leather into plastics and soon became the world's largest manufacturer of above-ground swimming pools. That was a seasonal business, so they bought a snowmobile manufacturer and suffered heavy losses during the mild winter that followed. They admired Atari's pioneering home video game, Pong, and they made a fortune on an imitation named Telstar...
...could be more than that, if the Crimson can learn from this roller-coaster week, integrate some of that sparkling new talent, and strengthen the offense...
...world, and their market exploits continued apace. In 1981, for example, Rich reportedly helped the Malaysian national tin company mastermind a scheme to boost the price of the metal by buying up much of the world's supply and stockpiling it. The ploy proved to be a roller coaster. Initially it reaped huge profits for Rich, then it brought him losses when the U.S. Government sold tin from its stockpiles and forced down the price...
...Kimpo Airport in Seoul, friends and families awaiting Flight 007 endured a roller-coaster of worry, falsely raised joy and final sorrow. They waited for five agonizing hours for some word of the missing plane's fate. Rumors filled the vacuum. The 747 had been hijacked. No, it had been forced to land on Soviet soil. Then official confirmation. A KAL spokesman said on the p.a. system that the airliner was safely down on Sakhalin. Everyone should leave telephone numbers and await word on the reunion. Cheers filled the terminal. Another 13 hours passed before the reality came from...
...negative indicators, consumers have been on a massive spending spree, snapping up appliances, going on vacations abroad and buying automobiles at a rate almost twice that of last year. The reason for their nonchalance: a combination of official and homespun safeguards that insulates almost every citizen from the roller coaster of the national economy...