Word: floats
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Dates: during 1970-1979
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...aggressive management is not about to give up. Faced with heating competition for its dominance of credit cards and traveler's checks, the company is looking for profitable new uses for its money. That hoard is so huge-$4.4 billion in cash and securities, plus the $1.8 billion "float" of uncashed traveler's checks-that Amexco can make a handsome offer for almost any corporation. Last week it surprisingly bid for McGraw-Hill Inc., the publishing empire (1977 sales: $659 million) that produces Business Week, some 60 other magazines, newsletters and information services, as well as books...
...book consists of nine profiles of Teamsters and associates--looking at the institution through the people in it. The characters include Fitzsimmons, Tony Provenzano (the New Jersey Teamster/mobster who Brill says orchestrated Jimmy Hoffa's disappearance), Jimmy Hoffa Jr. (a Detroit labor lawyer outsider, waiting for his father to float to the top), Ron Carey (a rare, honest Teamster local president in New York), Allen Dorfman (who made millions from his insurance monopoly with the Teamsters, then helped loot the pension funds), Jackie Presser (Cleveland Teamster boss, jockeying to succeed Fitzsimmons), Harold Gibbons (progressive St. Louis Teamster leader, who Brill...
Whoever the winner turns out to be, he will need all the help he can get. Though Algeria was able to float $1 billion in loans during the six weeks that Boumedienne lay dying, its foreign debt now totals a staggering $14.7 billion. The President's ambitious program of industrialization, especially the largely automated natural gas plants, provided too few jobs for a population that has grown from 12 million to 18 million since he took over. In foreign affairs, Boumedienne lost some prestige in the Arab world by backing and providing bases for the Polisario rebels, who seek...
...Cookie Monster. Holding his naked right hand in the air, Oz demonstrates the basics of Muppet acting. "You can do proud": his hand sways and struts upward. "Sad": the hand, with its closed fingers forward, as a Muppet's mouth might be, droops at the wrist and the fingers float downward. "Confusion": the hand pauses, looks one way, looks another, pauses, seems to be glancing over its shoulder...
Speculators have trouble getting hold of riyals. Some branches of European and American banks in Bahrain have attempted to float bond issues denominated in riyals in Europe. They got a stern bawling out from the Saudis for not asking permission to launch what the Saudis feared might be the beginning of a perilously unstable Euroriyal market...