Word: growth
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Dates: during 1960-1969
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...ECONOMY OF CITIES, by Jane Jacobs. Operating as curmudgeon and gadfly, but with a love of cities that overshadows mere statistics, the author of The Death and Life of Great American Cities explores the financial aspects of growth and decay in urban centers...
...still predominates, and only 10% of the people own 90% of the land. But there are cracks in the alliance. Recent years have seen the emergence of a new kind of military man-up from the lower or middle class, equipped with some technical skills, interested in efficiency and growth. Often he thinks he can run his country better than the sons of the oligarchs, and sometimes he can. In any case, his loyalty is likely to be directly to his country rather than his class; he is less likely to intervene in politics merely to do the oligarchy...
Summer Rally. The Neuwirth Fund, which last year soared 90% in per-share value to rank No. 1 in the U.S., fell 16% in the first half and dropped to 305th place. The Mates Investment Fund, which gained 73% last year, has fallen to No. 367. Gibraltar Growth, which was in third place in 1968, dropped 13% and is now 254th...
...contrast, the larger, older funds, which tend to balance their investments between growth stocks and blue chips, stood up fairly well in the declining mar ket. Investors Mutual, the largest of all, fell only 4.1% and rose in the standings from 245th place to 33rd. Massachusetts Investors Trust fell 4.5% and moved up from 228th to 38th. Normally, any losses at all would be nothing to crow about, but so far this year only 95 funds have managed to out perform the Dow Jones average, which dropped...
Behind the Store. Why the rapid growth? One major reason, says Arthur Decio, 38, founder, chairman and president of Skyline Corp., of Elkhart, Ind., is that "some years ago, builders just decided to forget about low-income groups. This was our opportunity, and we are trying to make the most of it." Last year Decio's Skyline sold about 30,000 mobile homes and 12,000 travel trailers, more than any other U.S. firm. For the company's fiscal year, which ended May 31, it earned almost $9,000,000 on sales of $180 million, a jump...