Word: june
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Dates: during 1970-1979
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Enterprise, the latest effort of Olin Stephens, the master 12-meter designer, has been gaining on Courageous (also a Stephens design) as the matches have progressed. Its San Diego-based skipper, Lowell North, 47, suffered from lack of experience in Atlantic waters during the June matchups. An expensive -and unsuccessful-experiment with new sailcloth cost North additional precious tune. Poor crew coordination and tactical blunders-committed as North turned over the helm to scamper about the deck fiddling with fittings and adjusting the rigging and sails-worsened matters...
...racial justice and the welfare of Cuban refugees with vociferous opposition to liberalization of the church. He lobbied vigorously against the repeal of the no-meat-on-Fridays rule and was in the forefront of the successful battle to defeat Dade County's gay rights ordinance in June...
...Supreme Court's June decision overturning the bar's ban on lawyers' advertising...
Analysts seeking to explain the market's jitters could point to some cloudy economic news. The index of leading indicators, a widely watched barometer of future trends in the economy, dipped down slightly in June, casting some doubt on the durability of the present brisk expansion. Investors have also been puzzled by the slow progress of the Carter tax and energy programs in Congress; they have been concerned about the growing U.S. trade deficit and fretful that a big increase in the money sup ply in recent weeks might prompt the Federal Reserve Board to tighten credit and thus...
What nags institutional investors most of all is the realization that common stocks are no longer a safe hedge against inflation. Robert Salomon Jr., of Salomon Brothers, the New York investment banking house, has measured the compound growth of nine assorted investments from 1968 to June 1977, a period in which the consumer price index increased at an annual rate of 6.2%. His findings...