Word: coasters
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...contract with the Iranian government to develop and promote a giant amusement park complex outside Tehran. Chief Planner Harold Goyette calls the deal "an exciting prospect," adding that he has no reservations about being under contract to the repressive Iranian regime. "The kids will enjoy riding the roller coaster and the log flume. This will tend to 'open up' the regime, I think. I have no problem with any sort of torture in this case, save that bore of riding on substandard log flumes or roller coasters...
...efforts to keep the economy expanding steadily and avoid inflation, the Federal Reserve Board strives to hold the annual increase in money supply with-in a narrow range-at present, 4% to 6½%. Yet for most of the past year, money growth has been riding a wild roller coaster-dropping all the way down to zero in one month, soaring to an annual rate of almost 20% in another. In the past few months, the money supply has been swelling at such a fevered rate as to cause anxiety even among powerful congressional Democrats, who usually favor an easy...
Malibu Grand Prix is the name of the game, and it is not tame-though it may be less hazardous than roller-coaster riding. No mini-Mario has been killed or seriously injured in the 6 million Malibu laps to date (though one nervous driver sprained a finger on the steering wheel, and several speeders have crashed through a fence). After buying tickets ($1.25 a lap) and getting instructions on safety regulations and the operation of the car, drivers buckle into Bell helmets and safety belts to await the red, amber and green signal light at the starting line. There...
...Riverside Park in Agawam, Mass., the main attraction was the Kennedy clan. Paterfamilias Ted braved the Thunderbolt roller coaster with Teddy Jr., 15, sailed through the "Music Express" with Kara, 17, and happily bumped minicars with Patrick, 10. The occasion: a three-day family outing in western Massachusetts. Besides his own brood of three, Ted took along seven of their cousins. The agenda included canoeing, visiting a wildlife sanctuary and, of course, sleeping under the stars. The Kennedys also visited the home of Herman Melville in Pittsfield, and caught the Linda Ronstadt concert at Tanglewood, where they were joined...
...back in January of 1965, the Dow Jones industrials cracked the 900 level for the first time. Since then, the average has been on a roller-coaster ride-dropping as low as 631 in mid-1970, soaring as high as 1052 at the start of 1973. But it has been a ride to nowhere; after all the ups and downs, the average is just about where it was a dozen years ago. Moreover, even those figures badly understate just how dismal the performance has been. Stock prices have been stagnating at best while prices of just about everything else have...