Word: higher
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Dates: during 1970-1979
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...very simply, the game at the Board of Trade is to bet on the future. Those gesticulating and shoving men are brokers and dealers who are selling each other contracts to deliver goods months in the future at a fixed price-when the real market price may be higher, or lower. Nerve-racking enough, but the goods they are buying and selling are extremely volatile, their value subject to human whims, storms in the farm belt, or a boost in interest rates in Washington. Most of the trading takes place in traditional commodities, such as wheat and corn...
...cards, and competitor Visa and some major banks are also trying to sell their own traveler's checks. Earnings from Fireman's Fund Insurance Co., acquired by Amexco in 1968, are large (48% of the company's profits) but cyclical. Amexco stands to get a much higher profit by investing its pile of cash in a capital-intensive business like publishing instead of in securities. The company could sell magazines and books to its 9 million mostly affluent credit card holders, allow them to charge their subscriptions on the card, and, if the cardholders gave their permission...
...Williams. Sowell has concluded that the rise and spread of minimum-wage coverage is a catastrophe for young and unskilled blacks.. According to his studies, it is by far the major reason that the unemployment rate for 16-and 17-year-old black males is five times higher today than in 1952, when it actually was lower (8%) than comparable white teen-age unemployment. He finds it distressing that "people who are perfectly capable of doing a job have been made unemployable because they have been priced out of the market...
...winning rakes, Blier all but invites condemnation as a sexist. But this film maker doesn't brood over trendy labels; he's willing to risk offending people to get what he wants. In Handkerchiefs, Blier uses the stereotypes to shock the audience, then lead it to higher ground. This is not a film for those who want the pat, right-minded answers of An Unmarried Woman or Girlfriends: it unfolds in the subconscious, where sentimental bromides about men and women give way to harder truths...
Ultimately, Cleveland faces the same long-term economic problems that all the major cities of the Northern industrial belt face--problems such as shrinking populations and higher energy costs. And Clevelanders are able to take some consolation from the fact that although confrontation politics and eccentric personalities may have conspired to make Cleveland the first major city to default since the Depression, it will probably not be the last...