Word: highness
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Dates: during 1960-1969
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Margin Calls. Inflation usually stimulates the stock market, but Washington's anti-inflationary moves are now badly hurting shareholders. The Dow-Jones industrial average has dropped more than 150 points since it reached the year's high of 969 in May. Last week it fell precipitously, closing at 818, lowest in 21 years. Many speculative stocks have been cut in half. The mutual funds are sitting on the sidelines, holding tremendous sums of cash and waiting for the market to hit a bottom. The slide has forced some brokers and bankers to make margin calls...
...efficiency of the new planes sent airline stocks soaring - in some cases more than 1,000%. "Many a house was built on the profits that people made from 1961 through 1966 in their airline investments," says Bache & Co. Analyst Henry Siegel. Now the airline stocks are no longer the high and the mighty. They are among the leaders in the market's decline, down as a group by 37% since the beginning of the year. The drop is accelerating: the index of air stocks fell by a startling 11% in five trading days two weeks ago and again...
...adding bigger and costlier planes to their fleets and try to attract more business with lures like family-fare reductions. Northeast Airlines had a first-half loss of $1,289,000. At least some of that can be attributed to the galloping price of beef - and Northeast's high cost of living up to its billing as "the all-steak airline...
What should the tourist buy? Certainly not Chinese clothes, leather goods or toys, which in general are costlier or less stylish than those from other countries. Chinese ivory is not so fine as Thailand's. High-quality Chinese jade is exorbitant: an inchlong pendant, for example, sells for about...
...seems singularly naive. His achievements and influence were far too extraordinary for so simple an explanation. For decades he was Mr. Wall Street, the director's director, the master floater of securities issues, the headhunter who as Washington's top-dollar-a-year man brought hordes of high-powered executives to the capital to organize and run the World War II and Korean mobilization efforts. He served as informal financial adviser to five Presidents, from F.D.R. to L.B.J., and was at different times a big fund raiser for both parties. Throughout U.S. industry, scores of high executives owed...