Word: hesses
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...Council of Wage and Price Stability insist that they can still enforce the guidelines by making companies targets of public censure, but some of the targets could not care less. Even as Judge Parker was gutting the program, White House Inflation Czar Alfred Kahn was publicly attacking Amerada Hess, an oil company, for breaching the price standards. A Hess spokesman retorted, almost sneeringly: "We regret that the guidelines, as established by the council, do not allow us to comply." Groaned one Administration official: "They're thumbing their noses...
...increases that only seemed puny when compared with the others, which enjoyed gains that ranged from impressive to downright startling: SoCal's ARRIS earnings rose 43% over the past year, Gulfs profits increased 61%, and Texaco's were up 81%. Marathon Oil had a rise of 108%, while Amerada Hess jumped 279%. Standard Oil of Ohio, holder of a large and profitable stake on Alaska's North Slope, increased 303%; Continental Oil, which owns Consolidation Coal and suffered a slide in income during last I year's coal strike, posted a stunning recovery...
Oberg put up a tough tussle, losing a close match by a 2-0 score. Both wrestlers failed to score in the first period, but Wildcat Doug Hess managed to garner a point on a quick escape in the second period and another for riding time in the third...
DIED. Thomas B. Hess, 57, former editor of Art News magazine, who last February became chairman of 20th century art at the Metropolitan Museum; of a heart attack; in Manhattan. As art critic for New York magazine in the 1970s, Hess kept alive his romance with abstract expressionism...
...fact is that Jimmy Carter and his entourage bore the Washington press corps," Hess writes in the Washington Post. "Reporters in the capital have had a steady diet of excitement in recent years-with the exception of the brief Ford interregnum-and have come to require bigger and bigger doses of news intoxicants." Certainly neither Vance nor Brzezinski is as fascinating as Kissinger (their side comments are never as memorable as his), and Carter isn't as outlandish as Lyndon Johnson or as malignant as Nixon. What to do then...