Word: detroits
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Dates: during 1970-1979
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Glum economic prognostications abound, but when New York Stock Exchange Chairman James J. Needham spoke before the Economic Club of Detroit last week, his predictions were gargantuan as well as dire. Using figures based on an N.Y.S.E. study, Needham estimated that U.S. capital demands through 1985 will amount to a cumulative total of $4.7 trillion. During the same period, he argued, the economy's savings potential will only amount to a bit more than $4 trillion. The probable result: a capital shortfall of $650 billion. That figure, says Needham, "represents the projected gap between the domestic supply of investment...
Barely a month ago, journalists were vigorously applauding President Ford for naming Jerald F. terHorst, respected Washington bureau chief of the Detroit News, as White House press secretary. To reporters who had wearied of slugging it out with the obdurate Ronald Ziegler, the terHorst appointment marked what seemed like the beginning of a new era of presidential accessibility and candor. Ford and terHorst promised a "completely open" White House, and the press generally responded by making the new President's first heady weeks in office one of the warmest such interludes on record...
...Hoedown, a movement from Alberto Ginastera's First Piano Concerto and even Sir Charles Parry's great old Anglican choral song Jerusalem. Also rising on the charts is an LP by a Dutch group called Focus that sounds at times like a combo of English madrigalists. In Detroit this week, English Rock Star Rick Wakeman begins a month-long U.S. tour featuring some unusual sidemen: Classical Conductor David Measham and a 60-member orchestra and choir...
...Yankees and Orioles. The crucial games are in New York, with a twi-night double-header Tuesday and a single game Wednesday night. Even a Boston sweep in Shea might not bring them closer to Baltimore, which faces a relatively-easy eight-game finish against the Milwaukee Brewers and Detroit Tigers, the worst in the American League East...
...country seemed eager to sign their contracts and get back to their blackboards, despite pay increases that in some cases seemed positively paltry when measured against current inflation rates. Boston teachers last week accepted a raise of just 5.5% (to $9,415), and teachers at one school in the Detroit suburb of Southgate settled for a mere...