Word: ibm
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Dates: during 1970-1979
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...have articles on breast cancer, child care, or "when to blow the whistle on the boss." In fact, one magazine this month has everyone of those articles. It even has the requisite beaming cherub on the cover, Yet there's a twist; this grinning infant is perched on an IBM Selectric typewriter. The magazine in question...
...council, and its current chairman, Alan Greenspan, is on leave from TIME's Board. Murray Weidenbaum, who replaced Greenspan on our panel, was Assistant Secretary of the Treasury in the Nixon Administration. Robert Nathan heads a private consulting firm in Washington; David Grove is chief economist at IBM; Robert Triffin, an expert in international monetary policy, is a Yale economics professor; and Beryl Sprinkel serves as top economist at Chicago's Harris Trust and Savings Bank...
...view, was the persistent pursuit of overly restrictive anti-inflation programs. In this, Treasury Secretary William Simon gets most of the blame for his strenuous emphasis on budget balancing. On monetary policy, the Fed is given low marks for its stingy money policies through much of the year. Says IBM's David Grove: "Underlying the Administration's policy was a judgment that it was overridingly important to get inflation under control, and it was prepared to take the risk involved. It lost...
...January, as hundreds of stocks still languished at postwar lows, the mutual funds and other big investors were looking for some excuse to begin buying in earnest. That excuse seemed to come from a federal court in Denver; it reversed a lower court's order that IBM had to pay $259.5 million in antitrust damages to Telex Corp. Says Robert Stovall, director of investment policy at Reynolds Securities Inc.: "This was the first time in a while that any federal institution has come out with a decision that 'big is not bad.' " IBM, which had been down...
...recession deepens. With bank certificates of deposit paying only 6¾% interest and bond rates going soft, investors are turning back to stocks, which, at today's depressed prices, offer both attractive dividends and prospects for hefty capital gains when the economy finally picks up. Beyond IBM, last week's great gainers were the high-yield or interest-sensitive stocks that usually bounce back first when money rates come down: utilities, savings and loan associations, insurance companies...