Word: expectation
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Dates: during 1950-1959
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...long ago, chatting with a group of distinguished foreigners, Khrushchev confided that in the long run "we expect our relations with the Chinese will be rather like England's with the U.S." What Nikita apparently had in mind was his own peculiar interpretation of Anglo-U.S. relations-a kind of father-son tie in which the elder power is accorded the deference due to a parent. Last week, thanks to Khrushchev's miscalculations, the whole world could see that father's authority was already a little challenged...
Though Wall Streeters are uneasy about the swiftness of the rise, few expect a substantial selloff. Earnings and dividends are now more secure* than they were a few months ago, and many institutions are waiting for a dip to buy. What Wall Streeters call the "350 Club"-the bears who saw the industrials declining to that level last winter-has been dissolved; it has been reorganized as the "450 Club." But these analysts could be wrong again. "There are hundreds of professional investors and institutions who go down on their knees at night, praying that the market will return...
...Fromms expect to lose $8,000 on this year's series. At intermission last week, one matron asked Norman Fromm if the program was not just a little too highbrow. Said Norman severely: "This is not just a Sunday outing." As if to prove him right, the audience downed a modest 108 bottles of champagne before returning soberly to their seats to sample Beethoven's Septet in E Flat Major...
...firms will be able to gain equal access to all common market countries by establishing themselves in any one. While wages and other production costs now vary among common market countries, European economists expect them eventually to level out-as they have already started to in the European coal and steel nations. In view of this, smart companies are already picking plant sites on the basis of the best, not the cheapest, labor. Chicago's Outboard Marine, for example, decided to establish a plant in Bruges, Belgium, where wages are now relatively high, because it found that Belgians work...
...million worth of new planes. American has arranged for loans of $135 million from Metropolitan Life Insurance Co. and Prudential Insurance. With the savings effected by the engine leasing (American can later buy the engines if it wants to), plus plowed-back earnings, Smith does not expect to have to raise another penny...