Word: harolde
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Dates: during 1960-1969
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...efforts to doctor Britain's faltering economy with doses of austerity, Prime Minister Harold Wilson has lately managed to look more like a quack dispensing dubious pills. Unemployment climbed to a 27-year peak of 559,000 last month, and that total is generally expected to reach 750,000 by winter. Industrial production has stagnated for nearly a year. Foreign-exchange earnings, the crucial source of support for the British pound, have risen, but at a disappointing rate. Under increasing critical attack both within and without his own Labor Party, Wilson last week called up a surprise reinforcement: himself...
...truck was cut from 30% to 25%, on appliances from 33% to 25%. But even the government agreed that the move was only a nibble at Britain's knotty economic problem: how to resume its growth without inflation, and without attracting a flood of pound-imperiling imports. Harold Wilson is clearly confident that his economy is ready to rebound, but that is a lonely view in London...
...believe that anything is absolutely certain, also believe that many things are predictably probable. And it is the computer, fed with vast amounts of past data, that can project or at least outline the alternatives of several possible futures. "The computer has enshrined statistics," says M.I.T.'s Professor Harold...
Only when Harold Sydney Geneen, 57, goes fishing off Cape Cod aboard his $100,000 yacht, Genie IV, does he temporarily travel without his attache cases. "Otherwise, my office is where I am," explains Geneen. Inasmuch as he is board chairman and president of the globe-girdling International Telephone & Telegraph Corp., that could be almost anywhere. A man who walks fast, talks fast and thinks fast, the sturdy (5 ft. 10 in., 180 lbs.) Geneen churns with the ambition of a man half his age. In the space of eight years, he has rejuggled ITT from top to bottom, transforming...
...companies are conglomerates; U.S. Steel, for example, not only turns out metals but also builds bridges and sells cement. However, in Wall Street parlance, conglomerates are generally those companies that have adopted a diversification-by-merger philosophy as a way of corporate life-and most of them share Harold Geneen's distaste for the term. After all, says Ralph Ablon, who has built his Ogden Corp. into a far-reaching (shipbuilding, metals, processed foods) conglomerate, the word connotes a company with "no unity, no purpose and no design."* To most image-conscious companies, the real conglomerates are thus...