Word: lost
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Dates: during 1970-1979
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From 1859, when my grandfather, George Huntington Hartford, opened the first chain store, to 1959, "the Tea Company" evolved into the world's largest retail business. Grandma was destroyed by the inept management to whom my uncles John and George had entrusted her. After the company had lost more than $50 million in 1973 alone, in desperation a president, Jonathan Scott, was brought in from outside, and he has made heroic efforts to turn it around. But as you suggest, the resources and prestige of a Tengelmann may well prove the decisive factor...
...Last week they tried to lower the proportion of votes in the state senate needed for ratification from three-fifths to a simple majority. The strategy was backed by G.O.P. Governor James Thompson, but only three Republicans in the Democratic-controlled senate went along with him, and the proposal lost, 31 to 24. Accused by ERA supporters of political impotence, Thompson retorted: "I put in my two cents' worth, and my two cents was not enough. Neither was anyone else...
DIED. Reginald Maudling, 61, prominent member of the British Conservative Party and former Chancellor of the Exchequer (1962-64); of kidney failure; in London. An economic pragmatist as Chancellor, Maudling was touted often as a future Prime Minister, but in 1965 lost the Tory leadership election to Edward Heath by 17 out of nearly 300 votes cast...
Scoones was not even as lucky as the fishermen. A week into the hunt, the cable to his camera snagged and broke, the equipment was lost, and his frustrated TV crew promptly returned to England. Only a few days later a volcano erupted on Great Comoro. With lava flowing toward the sea, frantic natives commandeered Scoones' boat as an emergency vessel...
Having screened about 100 candidates at each campus, Chan claimed to be delighted by the response. "Frankly, I always have the best results in a small community," he confides. "The local papers and television and radio come after me. I can get lost in a big city...