Word: dowe
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Dates: during 1970-1979
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...revolutionary turn." That may be an exaggeration, but the left's increasing restiveness is becoming a problem for Indira. Only two days after the party meeting in Bombay came to an end, her government announced that the giant house of Birla, which is to Indian radicals what Dow Chemical is to the American variety, had been licensed to build a $75 million fertilizer plant in partnership with U.S. Steel. The National Herald, founded by Indira's father and now the unofficial organ of her wing of the Congress Party, condemned the deal as "unsustainable...
...David C. Dow, Middlesex County medical examiner, reported that Crabtree died of a "self-inflicted gunshot wound of the head...
...about tight money. Last week Paul McCracken, chairman of the President's Council of Economic Advisers, provided just that by suggesting that the time may be nearing for the Federal Reserve Board to relax its credit restraint. Stock prices responded exuberantly. On the New York Stock Exchange, the Dow-Jones industrial average rose 10 points on Christmas Eve and closed the week at 797.65, a heartening gain from its two-year low of 769.93 only a week before...
...welcome as the holiday rally was, many investors might question whether the volatile Dow average really reflects the overall trend of U.S. stock prices. The Dow, which is composed of 30 blue-chip stocks (from Allied Chemical to Woolworth), has made the stock market look sicker than it really has been during its seven-month slide. From its 1969 peak in mid-May, the D-J average has fallen 17%; the decline has been only 13%, or 24% less for the broadly based New York Stock Exchange composite average of all 1,287 listed companies and Standard & Poor...
Many other blue-chip companies have lost their historic appeal to big investors, partly because their growth prospects look small, and partly because of young brokers' thirst for quick gains. Under the circumstances, better news than any rise in the Dow may be that the Big Board's composite average and the S & P 500 have each gained 1% in the past two weeks...