Word: houghtons
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...LIFE IN OUR TIMES by John Kenneth Galbraith Houghton Mifflin; 563 pages...
Holiday Inn in Houghton Lake to celebrate, with a Southern-style pig roast, the start of drilling in a gas well that may go as deep as 20,000 ft., or almost twice the depth of any other well sunk so far in the state. Meanwhile, the corporate jets that brought them to Houghton Lake waited wingtip to wingtip at nearby Grayling McNamara Airport to whisk them back out again at nightfall...
High interest rates have taught many consumers to become as adept at juggling their finances as the treasurer of a multinational corporation. Jay Houghton, 28, a Detroit advertising executive, "floats" his bank account by writing checks for bills as soon as they come in, but he does not mail them until three or four days before they are due. He also puts major purchases on his credit card, but then pays the bills in full as soon as they arrive. Says he: "This way I get 45 days of free credit." As long as interest rates remain in double digits...
...more piece of bad news to U.S. publishers, already whipsawed by inflation and recession. The IRS edict made it more costly to maintain backlists, the reserve of older and usually high-quality books that sell slowly but steadily year after year. To such houses as Knopf, Random House, Houghton Mifflin, Scribner's, and Little, Brown, backlists confer a sense of tradition and continuity whose value cannot be entirely tallied in dollars. Says Knopf Editor in Chief Robert Gottlieb: "Our intent is to keep our backlist in print as long as possible and to make those books available to, bookstores...
Although Reed's obituary in the Class of 1910's Alumni Record called his work "propaganda, not art," a portrait of the author still hangs in the Adams House dining room, and Houghton Library maintains an archive of his papers...