Word: high
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Dates: during 1970-1979
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...growth, which dropped to 19% last year from roughly 40% five years ago. Since last fall the average month-to-month sales rise at McDonald's stores, which used to be 9%, has slipped to 5%. Reflecting these developments, McDonald's stock has declined from the 1978 high of $60 a share to last week's close of $41.25. McDonald's plans to continue to direct its $200 million-a-year advertising campaign toward kids, but it will also begin pushing more vigorously for the adult trade. Its breakfast business is growing, and the company...
These payments were supposedly designed to disguise the true extent of the dumping, which, according to U.S. Customs officials, was most intense during and after the mid-1970s recession. The kickbacks allegedly worked this way: manufacturers quoted a high official wholesale price but then made illicit payments to their U.S. importers that enabled them to undercut the retail price of American-made TVs by as much as $100. Customs officials and Government lawyers say that virtually all Japanese manufacturers except Sony are implicated...
...potential penalties are high. The U.S. importers−such as the large retailers and the U.S. subsidiaries of Matsushita, Sharp, Sanyo and Toshiba−could be required to pay dumping duties totaling $500 million owed on $2 billion worth of sets imported since 1971. In addition, the U.S.owned retailers could face civil fraud penalties totaling $1 billion and criminal fines of $5,000 for each shipment of TVs brought in under a false import declaration. But the prospect is for a less painful out-of-court settlement. Says one Treasury lawyer: "Nobody wants to see the Government take...
Maui, with its rain forests and high volcanic range, boasts some 1,300 of the higher plants that exist only in the Hawaiian Islands. Indigenous birds include the black-necked stilt, the claw-footed nene, the short-eared owl and the blue-faced booby, and there are such unique fauna as the monk seal, the hoary bat and the predacious caterpillar. (There are no snakes on the islands.) Maui's waters teem with more than 700 species of fish, perhaps 20% of which are to be found only in Hawaii. The island's most faithful visitor...
...forests, no hibiscus, begonia, bougainvillaea, poinsettia, u'ulei, mamane or hinahina blossoms, it would be worth visiting for Haleakala alone. It is among the world's largest dormant volcanoes-it has not erupted since 1790-and its brooding presence dominates Maui. The crater of 10,000-ft.-high Haleakala (pronounced Hah-lee-ah-kah-lah) is seven miles long, two miles across and half a mile deep. While it has almost no vegetation save for patches of glistening silversword, the crater is dotted with rose-tipped cinder cones, evidence of minor eruptions over the centuries. It resembles nothing...