Word: driftings
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Dates: during 1970-1979
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China in recent months has been undergoing a mini-Cultural Revolution. While less violent and public than the convulsion of radicalism that ravaged the country between 1966 and 1969, the current drift leftward could affect the composition and course of the leadership. One big mystery has been the position of Premier Chou Enlai. Last week China watchers had new evidence that Chou may be under increasing attack from ideological hard-liners for his pragmatic policies, especially China's developing rapprochement with the capitalist world...
Worst of all, board members can see no quick way out of the economic morass. As Washington rivets its attention on impeachment proceedings, says Robert Nathan, "the impossibility of getting anything out of the Executive Branch of the Government at this time means we are just going to drift." Banker Beryl Sprinkel urges the Government to "keep our [fiscal and monetary] policy reasonably tight, settle for 5% or 5.5% unemployment, and then the rate of inflation could drift down"-over the next three to five years. Okun sees only one quick way of stopping inflation: "Panic-a real shake...
...shares-on which the price dropped to 48, down an amazing 27⅛ points, or 36% of the stock's Monday value. Even though Wagner, Stott & Co., specialists in the stock, bought 35,000 shares for its own account, the price of the stock continued to drift down to a Wednesday close of 46½. By week's end it had recovered only to 50⅞. Veteran Wall Streeters blamed a herd instinct among institutional money managers to unload immediately a stock that had been publicly labeled risky-or, in other words, panic...
...afternoons around 3:30, Joe ("Green") Verdi, Angelo ("Foots") Colombo, John ("Detroit") Agresti and other properly and not-so-properly nicknamed neighborhood men gather at Rose's Tavern for a glass of beer from the 7-ft. wooden cooler. Then they drift out back toward the grape arbor for a game of boccie. On Wednesdays, Amelia Garavaglia, 76, flours her plump, competent hands in the back room of Gioia's Corner Market and begins rolling out 5,000 ravioli for sale hi the front room. Each evening, Ida Galli switches on the spotlight hi her front yard...
...always so. In the '60s, the neighborhood's youth began to drift away. Federal and state highway officials designated the path of Interstate Highway 44 through an area of the Hill. Assuming that land values would plunge with the construction of the road, many homeowners stopped maintaining their property. A local lead company began pumping slurry into the abandoned clay mines, threatening to undermine foundations. Explains Father Salvatore Polizzi, 43, associate pastor of St. Ambrose toman Catholic Church: "The Hill was becoming a blighted cemetery...