Word: firming
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Dates: during 1970-1979
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Kerr-McGee plans to appeal the case. Dean McGee, co-founder and current chairman of the company, had declared that, whatever the verdict, his firm did not expect to make any changes in its operating practices...
...raising prices from the present average $16.40 per bbl. to about $18 by year's end. Higher fuel costs would both fan inflation and be an added tax on Americans' disposable income, thus prolonging the recession. Otto Eckstein, chief of Data Resources Inc., the economic analysis firm, favors putting a strict limit of 7 million bbl. per day on petroleum imports, which now average about 8 million bbl. daily; mandatory limits would probably result in gasoline rationing. Okun and other board members would increase Government financing of efforts to develop alternative energy sources. A multibillion-dollar effort would...
These people are major users of credit, taking out mortgages to acquire their bigger houses and urban condominiums and installment loans to furnish them. Maurice Mann, vice chairman of A.G. Becker, a brokerage firm, has warned savings and loan officials to anticipate "massive demand" for mortgage lending in the 1980s "as a result of the postwar babies seeking shelter." Insurance executives are looking at the group as an ever expanding market for homeowners' and life policies. Bankers are catering to their desire for convenience by opening more and more centers that can manage all aspects of a customer...
Osborn's new book displays an unfortunate tendency to unity of form and content. Sam Weston, a fledgling associate at Bass and Marshall, is somewhat at sea in what Osborn portrays as a paranoid, chaotic world of a Wall Street firm. Likewise, Osborn's writing flounders--his conversational tone includes all the usual non-sequiturs, flaws of grammar, and fragmented sentences, and none of the spontaneity. His imagery floats aimlessly is a sea of conventionality, occasionally grasping at some hapless metaphor and squeezing the life from...
...only issue he raises--is the Wall Street rat race worth it? Weston's friend, Littlefield, drops out only to land gloriously as a Yale Law School professor, and Weston and Newton, although they leave Bass and Marshall, still seem in awe of the grand old head of the firm, Cosmo Bass, and are fairly well indoctrinated, if somewhat rambunctious...