Word: junes
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...endless lauding of John Wayne [June 25] as an American hero and patriot has now gone too far. Enthusiastic as he was for the glorious wars fought by this nation, he was politically naive and simplistic. He never saw battle except on a movie set. He did not know war as the terrible and tragic thing...
...TIME's Board of Economists. The Government has made no official announcement of this (a recession is customarily defined as two quarters of declining production), but it unofficially estimated last week that national output of goods and services dropped at an annual rate of 2.4% from April through June. OPEC's oil boosts make this downturn immeasurably harder to reverse; they will drain perhaps $30 billion out of Americans' pockets by the end of 1980. Unemployment has been holding steady at just under 6% so far this year, but is sure to rise?perhaps to 7.5% or 8% next year...
...Occidental Petroleum and Marathon Oil, both big users of Libyan crude, came under such intense selling pressure on the New York Stock Exchange that trading had to be briefly halted. Only later was it learned that the irresponsible threat was probably inspired by nothing more than pique. Earlier in June, a U.S. State Department mission had turned down a Libyan offer for a long-term supply of petroleum in return for a U.S. Government pledge to cut off arms sales to Gaddafi's much feared Egyptian opponent, Anwar Sadat...
...painfully dented by the oil crunch as U.S. automaking. Mainly because of scarce gas and exploding prices, car sales have skidded from an annual rate of about 12 million units in March to roughly 10 million today, a drop of 26% from last year's record mid-June pace. A main contributor to the slump is buyers' snubbing of luxury and even standard models, while the demand for fuel-thrifty small cars is far outstripping Detroit's ability to produce them. Buyers are increasingly turning to Toyotas, Volkswagens and other economically operated foreign makes, which now account...
Ford Motor Co. too is feeling the pinch, with sales of its big Thunderbirds down 41% for the year so far, and purchases of Mark Vs off 24%. But the plunge-of-the-year award so far goes to the Cougar, which had sold 18,775 by mid-June in 1978. For the same period this year, fewer than 3,000 Cougars have been bought-only 35 of them during the middle ten days of June. At Chrysler, sales of Dodge Aspens are down 30% for the year. The company's hottest autos are the subcompact Dodge Omni...