Word: institutionalize
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Dates: during 1970-1979
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Mao's Great Leap Forward (1958-60), with its preposterous backyard pig-iron furnaces and bureaucratic romance of communal farms, left the country in depression and famine. Less than a decade later came the Cultural Revolution, a three-year Maoist spasm of revolutionary zeal against the onset of complacency and...
While serving a one-year sentence for larceny in the minimum-security institution at Davenport, Iowa, James Shelton, 26, worked during the day at a downtown shoe store and spent each night in his unlocked room. One day in November, 1977, he left for work and vanished.
Davenport police thereupon obtained an arrest warrant to make a date with the lovable bachelor. Last week, Shelton was returned to the institution he had fled.
DIED. Herbert Fisk Johnson, 79. longtime head of Johnson's Wax and art aficionado; of pneumonia; in Racine, Wis. "Hib," who in 1922 began to work for the company founded by his grandfather, was a pioneer in providing employee benefits; he established a pension and hospitalization plan in 1934...
The board members have some differences about the outlook. Eckstein thinks the recession will last only two quarters; Robert Nathan, a Washington economic consultant, fears that it may stretch out over as many as four. The consensus is two or perhaps three quarters. Eckstein calculates that corporate profits after taxes...