Word: ifs
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Dates: during 1970-1979
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At week's end, Soviet Ambassador to the U.S. Anatoli Dobrynin formally assured Secretary of State Cyrus Vance that Brezhnev was alive, if not entirely well, in the Kremlin. Quipped a Communist Party official in Moscow: "With rumors like that, Brezhnev should live for a hundred years."
Already the cost of money for almost all purposes is soaring. Federal Home Loan Bank Board Chairman Jay Janis predicts that mortgage rates, which now average 11.5% nationwide, could reach 14% by January. Meanwhile, the ability of consumers to pay for costlier credit, oil and everything else is rapidly declining...
Gordon recalls that when he and his colleagues left their offices at night, "we walked in the middle of the street; if somebody was going to commit suicide, we did not want him to land on us." It was not an idle concern. Charles Mattey, then 19 and a commodities...
At noon the members of the Big Board's governing committee held a secret meeting in a room under the exchange floor. Cigarettes were lit and the small room filled with smoke. Some members felt the exchange should be closed; others argued that if that happened it would never...
That apparently ended the legal troubles that had dogged Cornfeld for seven years since the fall of I.O.S., which he started in the 1950s and built into the world's largest offshore investment com bine. At its peak in the late 1960s, I.O.S. managed assets totaling more than $2...