Word: lift
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Dates: during 1970-1979
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...have been putting much of their surplus cash into land and factories in the U.S., which they figure is immune to the socialism that infects many of their own countries. But they would invest much more-particularly in the U.S. stock market, which is undervalued and could use the lift from abroad-if the dollar showed signs of recovery. So long as it falls, Europeans stand to lose on their American investments...
President Laurent Boix-Vives (pronounced Bwah-veeve), now 51, started two ski-lift companies in his home region of Savoie in 1951, after serving an apprenticeship in his father's fruit and vegetable business. In 1955 he learned from a friend, Emile Allais, a former world downhill and slalom champion, of a nearly bankrupt firm, Societe Rossignol, that produced wooden spools for the textile trade and wooden skis on the side. Boix-Vives borrowed $50,000, bought the firm and laid off everyone but 27 ski makers, creating a lean, one-product shop. Allais soon devised a metal...
...made the difference in the fortunes of war. For weeks, some 25 Soviet naval vessels have been standing by in the Red Sea off Eritrea province, where the Ethiopians are fighting a civil war against three liberation fronts. The Russian flotilla is presumably there to protect a Soviet sea lift to the Ethiopian-held port of Assab. Meanwhile, the Ethiopian air force, probably assisted by Cuban pilots, has been conducting bombing raids on the Somali city of Hargeisa and the port of Berbera, where the Soviets had a missile and naval base until the Somalis ousted them last year...
What provoked the rebellion against the settlement, which Miller had described as "by far the best agreement negotiated in any major industry in the past two years"? For most dissidents, money was not the rub: the agreement offers miners pay raises, over three years, that would lift their average hourly wage from $7.80 to $10.15. In all, wages and fringes would increase nearly 37%. But the contract also authorizes stiff penalties for absenteeism and, more important, seeks to do away with wildcat strikes. It allows mineowners to discipline wildcatters by requiring such strikers...
...even though success really did kill the Sex Pistols--as predicted--and, believe it or not, they don't exist any more). Until he resurfaces someday as a used-car salesman or something, all we are left with for the moment is the following compelling quote, which I gratefully lift from Caroline Coon's interesting new book "1988: The New Wave Punk Rock Explosion" (Hawthorn Books...