Word: dec
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Dates: during 1970-1979
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...mounting evidence of recession, many common stocks dropped to prices not seen since the 1950s. Rallies were brief and whimsical, reflecting sporadic technical adjustments rather than any lasting return of investor confidence. The Dow Jones industrial average sank to two twelve-year lows in two months, most recently on Dec. 6 when it dropped to 578. It closed last week at 593, up 15 points for the week but still 31% below the start of the year and fully 459 points below its alltime high of 1,052 in January...
...elegant salons of Paris' 16th arrondissement have been buzzing with gossip about the private life of French President Valéry Giscard d'Estaing. Ever since the Paris daily Le Monde noted his penchant for mysterious nighttime disappearances from the Elysée Palace (TIME, Dec. 9), a favorite Paris parlor game has been to guess where, how arid with whom the President spends his evenings. Palace officials insist that Giscard's nocturnal wanderings involve nothing more adventurous than dropping in on old friends for a drink and a chat. They contend that his yearning to escape...
Harvard heads to Detroit for the Great Lakes Tournament on Dec. 27 and 28, meeting Michigan in the first round while Yale battles NCAA runner-up Michigan Tech. The Wolverines have defeated formidable Michigan Tech twice this year, but three of their regular skaters have been suspended for the Harvard tilt...
...Republic (Dec. 7) also features an article on the UFW, called "Chavez Against the Wall," by Peter Barnes. The article is especially good for its fuller discussion of the UFW's tactics...
OTHER NOTEWORTHY articles include a two-part series in the New Yorker (Dec. 2 and Dec. 9) on Multinational Corporations by Richard Barnet and Ronald Miller; an excellent review of Robert Fitzgerald's new translation of the Iliad by D.S. Carne-Ross in the New York Review of Books (Dec. 12); and a fascinating article by Roger Morris in the Columbia Journalism Review (November/December) on the unfair coverage of Allende's Chile in the mass media...