Word: lowe
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Dates: during 1960-1969
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...Hussein was far from rich. His family lived in a small, unheated villa in Amman, had to make do on a government stipend of $3,000 a year. The house got so cold one winter, he recalls, that his little sister died of pneumonia. The money once ran so low that his mother had to sell his bicycle in order to pay the bills. His fortunes have since improved. In addition to the three royal residences assigned him, he now has a villa at Aqaba. His real home, however, is a modest converted farmhouse in a suburb of Amman, where...
...Seattle, where he caught the eye of Bob Lemon, onetime star pitcher for the Cleveland Indians. Jim went to Seattle with an overhand fastball, a nickel curve, and simplistic notions about strategy: if the bases were loaded and the count was 3 and 2, he threw the next pitch low and away. At least nobody ever hit him in a spot like that. Lemon taught him how to throw a sidearm fastball, a slider and a change of pace, and he also taught McGlothlin something about major-league hitters: "They're human, like everybody else...
...blow to A.T. & T. stock, which, with some 3,100,000 owners, is the most widely held in the world. It reached an alltime high of $75 in July 1964, then began falling, and was further depressed by the FCC investigation. Last week A.T. & T. slumped to a 1967 low of $53.25. The loss in value of the stock since the 1964 high: $10.5 billion. Nor is the FCC quite finished with the subject of A.T. & T. In the fall, the commission will launch a new phase of its far-ranging investigation and review such items as teletypewriter service charges...
...airline industry has soared far past the railroads in the passenger business, but so far it has been low and slow on freight. Of all cargo transported in the U.S., 43% is still carried on the rails, only 1% in the air (trucking gets 23%, shipping 15% and pipelines 18%). So it was a neat move last week when the Flying Tiger Line, the nation's biggest all-cargo airline, reached into railroading's highest corporate ranks to name Wayne M. Hoffman, 44, the No. 2 man at New York Central, as its new board chairman. In making...
...timid ½% stages, cut its discount rate from 5% to 3%, the lowest in Europe except for Switzerland and Portugal. In the first five months of this year, industrial production slipped 5.3%, consumer goods output 9%, construction 13%. The number of unemployed in February rose fivefold from its 1966 low, to 674,000, or 3.1% of the work force, very high by German standards...