Word: dollar
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Dates: during 1970-1979
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...Ladies," an athletic celebration of a menage a trois complete with tumbling and the obligatory obscene gestures, and "Sitting Pretty (The Money Song)," featuring elaborate sequined, rhinestoned and feathered costumes and the talents of "Mary" (America) Lou Fackler as a red, white and blue drum-assed American dollar...
...history texts: The Vice President Who Resigned in Ignominy. As it is, he will be recorded merely as a footnote to Watergate. The speed with which he was forgotten was remarkable; after he left Washington on October 10, 1973, there were no prayers offered by Rabbi Korff, no million dollar interviews with David Frost, no Woodward and Bernstein account of his (and Judy's) final hours. It was not long before many had forgotten that he had not been felled by the Watergate scandals but had pleabargained his office away in exchange for immunity from prosecution for having accepted cash...
...surge? One reason is that many businessmen succeeded in maintaining or even increasing prices during the recession. Their total profits fell last year as sales dropped off, but their profit margin on each dollar of sales held up fairly well. Now, with sales rebounding, the margins translate into zooming total profits. In addition, output per man-hour in nonfarm industries is rising nearly as fast as labor costs. That may change as more workers are hired and wages rise, but for the moment it means fatter profits. Most important, consumers are now buying the autos, appliances, clothes and other products...
...need for a speedy and sound agreement can hardly be overemphasized. Uncertainty about the outcome of the pay talks has caused nervous investors to dump sterling. Last week the pound hit a record low of about $1.80 before rallying to close at $ 1.84-still down 8% against the dollar in less than two months. No significant recovery is likely until a workable pay policy is adopted and investors' fears of a new burst of inflation are put to rest. A cheaper pound will give British goods a price edge in world markets; it is already driving hordes of bargain...
Violation Charged. Bechtel has profitably worked in the Middle East for 32 years and now has several multimillion-dollar projects under way there. In January the Department of Justice sued Bechtel in a test case, asking that it be enjoined from obeying the boycott. The charge: by refusing to give work to blacklisted U.S. firms, the engineering company was restricting competition and thus violating the Sherman Act, the basic U.S. antitrust...