Word: either
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Dates: during 1970-1979
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...away the danger implied by the meaning of both words. Rejecting the "myth that we must choose endlessly between inflation and recession," Carter in his State of the Union address assured the American people that "together, we build the foundation for a strong economy with lower inflation without contriving either a recession with its high unemployment, or unworkable mandatory government controls." But moralizing won't stop inflation, so Carter will probably try to summon up the preacher's other techniques of salvation--gentle persuasion and cajolery--talents the President did not use to great effect in the last session...
...odds do not seem good for McGraw-Hill's management. In tender offers over the past ten years, the target company has been acquired 85% of the time either by the initial aggressor or by another bidder. Even Lipton, who with his pale, bland face and dark shapeless suits looks like an ambitious bank clerk, admits: "Cash offers are rarely defeated." Two years ago, he fended off Congoleum Corp.'s cash offer for Universal Leaf Tobacco. Says a Wall Street merger and acquisition specialist: "Marty tied Congoleum up for over eight months in the courts...
Since 1971, A&P has cut the number of its stores from 4,400 to 1,800. Despite this reduction and a self-critical ad campaign that promised "to put price and pride together again," the company has either lost money or barely made a profit in every subsequent year. One reason is that A&P elected to close stores one by one in 36 states, with the result that it did not get the distribution savings of quitting an entire region. The cutbacks also left a lot of spare capacity at A & P's private-label, Ann Page...
...last week, evidently now willing to discuss long secret information, disclosed something of the nature of that empire. The royal family and the Pahlavi Foundation, which the Shah created in 1958, operated 205 business firms, banks and factories in Iran. The foundation controls 96 such enterprises; the rest are either fully or partly owned by the Shah's relatives. Among other properties, these holdings comprise industrial complexes, office buildings, sports clubs, mining firms, entire villages, warehouses, interests in foreign companies, vast tracks of real estate, and import and export facilities. Whatever may be done about those, probably beyond Khomeini...
...sharp exchanges between the bowlered ranks of C.P. Snow, the novelist who gave contemporary fiction the beautiful technocrat, and the disciples of Literary Critic F.R. Leavis now seem like an intellectual border dispute. In retrospect it was not much of a contest. The powers of technology and social engineering either bypassed or rolled over their academic challengers. Today many defenders of the humanities even drop terms like the uncertainty principle and entropy as loose literary metaphors...