Word: dow
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Carter's plan touched of a rally in the stock market yesterday that carried the Dow Jones industrial average to its largest gain in history...
Nervousness about the weak dollar and inflation conspired to bring a startling break in stock prices. The Dow Jones industrial average last week tumbled more than 59 points, to 838, its worst one-week loss in history. Indeed, currency and stock markets seem to be getting locked into a vicious circle. When a plunge in the dollar causes stock prices to drop, foreign moneymen read the stock slide as an indication that Americans are losing faith in their own economy, and they unload still more dollars...
...Washington-based retail business, for example, failed with $150,000 in back orders. "People just didn't want to pay until the tax credit was approved," Dow said...
Valerie A. Dow of the Washington Solar Lobby said if a taxpayer spends $2000 on a solar collector, his income tax will be reduced by $600. An additional 20 per cent credit is awarded on the next $8000 spent. A consumer can amass up to $2200 in tax credit, she said...
...some congressmen into action. Sen. Gaylord Nelson (D-Wis.) introduced a bill to force the EPA to enforce a ban on 2,4,5-T herbicide, but the bill has never received serious consideration in the Senate. Several private citizens are sueing the EPA, the Forestry Service and the Dow Chemical Company, one of the major manufacturers of the herbicide. Dow denies any responsibility and published the results of company-sponsored experiments that deny any connection between the adverse effects of dioxin dosage in lab animals and dioxin intake in humans...