Word: dow
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Dates: during 1970-1979
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...keeps the poor out). The message was simple, and it was repeated: the people with the cash had better "cut loose" their "ill-gotten gains." He was enthusiastic as he ended, bringing half of the middle-class crowd to their feet in applause. A welfare mother from Maine, Carolyn Dow, in an unscheduled speech, knocked herself as "white trash" and then ripped into conference leaders for their middle-class orientation. Her melodramatic conclusion--"I hoped things had changed"--received a good response...
...affects the wealth of 100 million Americans, who have at least an indirect stake in stocks through mutual funds, pension funds and insurance policies. For the past three weeks, the market has been projecting a mood of deep nervousness. By last week, eleven straight daily declines had dragged the Dow Jones industrial average down to 836, a fall of about 85 points from early September and near the year's low of 831, posted during the first trading session in January. Prices steadied at week's end, bringing a Friday close...
...list of possible nominees had been sent to the A.B.A.'s judiciary committee. "I put in about 50 calls to courts and law schools all over the country," says Miss Totenberg. After five hours on the telephone, she had assembled the complete list and sent it out on the Dow Jones news wire. Oddly enough, she talked frequently with Rehnquist that day but got no intimation that he was under consideration. He did not know it himself...
Wall Street Worry. Last week in the stock market, the Dow Jones industrial average fell 23 points, to 852, wiping out most of the gain that followed Nixon's announcement of the freeze. The market was reacting not only to worries about U.S. business for the rest of this year but also to the possibility of an international trade war (see story, page 35). Most important, investors were shaken by the report that mutual fund redemptions exceeded sales by $166 million in September-a record high for any month and the fourth month out of the last five that...
...nation's businessmen and bankers generally supported the President's actions. Said A.W. ("Tom") Clausen, president of the Bank of America: "We believe his program will begin to make possible an orderly transition out of the freeze." With liberal use of metaphor, Dow Chemical Chairman Carl Gerstacker responded in terms that Sports Fan Nixon understands best: "The President has hit another home run in the fight against inflation." Chrysler Corp. Chairman Lynn Townsend voiced the hope that the Price Commission will allow some increases on '72 models, which came out during the freeze. Said he: "We price only once...