Word: dip
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Dates: during 1970-1979
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...Where Economy Originates), earnings for many chains have reached the vanishing point. A. & P. increased sales volume 9% in the quarter ending last May, but it reported a $20 million loss. In its last fiscal year, Finast showed a deficit of $689,000. Kroger reported a 10% earnings dip in its June interim report, and Grand Union a drop of 38%. The war is hottest in the East and Midwest, where A. & P. is strongest. On the West Coast, where discounting has been practiced for years, many chains are in the black, including Safeway, which registered a first-quarter earnings...
...thousand Chinese youths gathered on the shores of Lake Kun Ming, plunged into the water and swam 15 abreast to the accompaniment of rhythmic whistling. They were commemorating Chairman Mao Tse-tung's swim down the Yangtze River six years ago. When Mao took his dip, according to official press reports, he "at times swam side stroke and at other times he floated and had a view of the azure sky above." Mao was reported by his hagiographers to have swum nine miles in 65 minutes-a lot better than last week's youngsters, who climbed out after...
These problems center on the dollars that have flooded into foreign countries because of the U.S. balance of payments deficit. Since August the Treasury has refused to dip into its reserves of gold and foreign currencies to buy back foreign-held dollars. Instead, the U.S. has insisted that the European banks should buy dollars with their own currencies. Even though these transactions increased the money supply and aggravated inflation in some European countries, the foreign banks felt obliged to buy the dollars. If they refused, the dollar's value would fall. The real victims would be the Europeans, because...
...manager of the Harvard Square store, is a prince. He has a soft spot in his heart for ice-cream junkies who roll up at 11:01, just after the store has closed. Cones are $.25 for a single dip, $.45 for a double, and $.62 for a triple. No jimmies...
...sober-sided officers of banks and multinational corporations. Occasionally they try to turn a quick profit by capitalizing on oscillations in the value of one currency or another. But usually they are merely trying to protect a routine sale, loan or investment from loss due to an unexpected dip in some currency. Volkswagen, for example, takes in billions of dollars each year from U.S. sales. When the dollar quivered at the start of last summer's currency crisis, VW executives reportedly transferred as much as $500 million into more stable German marks. The move was only prudent; the dollar...