Word: hillings
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Dates: during 1970-1979
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...Carter has often made damaging impromptu remarks about events abroad, his taciturnity was perhaps understandable. Yet in a worrisome week, the President gave the appearance of ducking the issues. Certainly, he was not signaling any new American resolution to friends and foes abroad or to the forces on Capitol Hill that are concerned about his overseas policies...
...President, however, faces much less success with his proposal for "real wage insurance." Under it, groups of employees who settle within the wage guidelines would get income tax credits if inflation were to rise above 7% this year. The measure goes to Capitol Hill this week, but so many Congressmen believe that the plan would be an administrative nightmare that it is virtually dead...
With a hoard of cash, American Express aims at McGraw-Hill...
...looking for profitable new uses for its money. That hoard is so huge-$4.4 billion in cash and securities, plus the $1.8 billion "float" of uncashed traveler's checks-that Amexco can make a handsome offer for almost any corporation. Last week it surprisingly bid for McGraw-Hill Inc., the publishing empire (1977 sales: $659 million) that produces Business Week, some 60 other magazines, newsletters and information services, as well as books and Standard & Poor's bond-rating service; it also owns four TV stations...
...drama began Monday when James D. Robinson III, Amexco's 43-year-old chairman, walked into the office of Harold McGraw, 61, chairman of McGraw-Hill. Robinson brought with him Amexco President Roger Morley, who is also a McGraw-Hill director; Morley earlier had dropped some hints of Amexco's interest, but they were so subtle that McGraw may have failed to pick them up. The two American Express chiefs gave McGraw a letter proposing that Amexco buy all of McGraw-Hill's stock for $830 million in cash, or cash and Amexco stock if McGraw-Hill...