Word: groves
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Dates: during 1970-1979
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Pornography's outsize profits are attracting many investors. Stock in Grove Press, a pioneer publisher of salacious books and U.S. distributor of foreign sex films, is now sold on the open market. Trading is scheduled to begin next month in the shares of another purveyor of erotica, Olympia Press; its latest skin flick, Barbara, cost $32,000 to make, grossed $ 11,700 in its second week in Manhattan and is scheduled for national distribution...
...walkout, Arthur Okun estimates, will chop $1 billion off the gross national product for each week it lasts, and give a misleading impression of a deepening slump. In early 1971, Okun adds, catch-up production by G.M. will paint an equally deceptive "rosy glow" on the economy. David Grove believes that this false picture will be heightened by steel users, who will be buying heavily to hedge against a possible mill strike in August...
...will not expand as much as the number of potential workers. Unemployment will go a bit above the present 5.5% ; Okun foresees a peak of perhaps 6% some time during 1971. Thereafter it will decline, but may be almost as high at the end of next year as now. Grove predicts a rate of 5.4% in the fourth quarter...
...DAVID GROVE, vice president and chief economist...
...followers. Camera-laden tourists by the hundreds cruise the once-quiet, mimosa-lined boulevards in the hope of spotting the President. The San Clemente Inn provides maps of the quarter-mile route to the gates of the Western White House, but all the tourist gets is the gates; a grove of palms hides Nixon's offices and home...