Word: comes
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Dates: during 1970-1979
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Oldtimers called it "the Hot Stove League," the time between baseball seasons when players relaxed and relived their moments of diamond glory. For peppery New York Yankees Manager Billy Martin, it's come to be more a hot shove league, a winter of discontent in which Martin almost inevitably ends up in fractious incidents. This season in Bloomington, Minn., the wiry Yankee got into an altercation with a marshmallow salesman who required 20 stitches to close an ugly gash on his jaw. Martin denied hitting the marshmallow man, but Yankee Owner George Steinbrenner decided enough was enough and fired...
...word for it is Gesamtgastspiel, which, roughly translated, means everybody gets in on the act. And indeed, as the Vienna State Opera unpacked in Washington for its first U.S. visit, everybody-and everything-seemed to have come along. Thirty-seven soloists and 100 chorus members? Check. An orchestra of 95, with all their instruments? Check. Thirty-five stagehands and five staff workers, plus 23 custom-built 40-ft. containers full of scenery and costumes? Check...
Government help of some sort is plainly needed if banks are to be persuaded to continue to finance Chrysler. Despite five profitable years, the company has run up a net loss in the 1970s of $100 million, and more than half the red ink has come this year alone. So far the 1979 deficit totals $722 million, and the full-year loss could easily top $1 billion, an all-time record for U.S. industry...
...fuel efficiency requirements. But it was the gas shortages of last spring that triggered Chrysler's ruinous 1979 sales slump (indeed, recently Ford and General Motors have also been losing money on their U.S. operations). Yet the fundamental problem has been poor management; Chrysler has consistently failed to come up with enough models that sell well, and its share of the U.S. auto market has slumped from 14% three years ago to 11% now. The firm's total indebtedness, including that of its financial affiliate, now stands at more than $5 billion, spread among some 250 different banks...
...with runaway costs. Insists John Zeeman, vice president of passenger marketing at United: "If we did not have deregulation we would have been hurt worse. We have problems catching costs but we are now more flexible and can better respond to the market." The real test of that will come next year, when air travel is expected to drop as the recession begins to bite deeper. "The jury is still out," says Edwin Colodny, chairman of USAir (formerly Allegheny). "There will be no full answer on deregulation until the industry has gone through a full economic cycle, up and down...