Word: lynching
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Dates: during 1970-1979
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Still Jittery. The pace of business spending is quickening somewhat this year. The Commerce Department estimates that capital outlays will rise 11.7% in 1977, v. last year's 6.8%. Other projections are more optimistic. A survey of 307 companies by Merrill Lynch Economics, Inc., a subsidiary of the nation's largest stockbroker, shows them planning to increase spending an average 16.3%. But, discounting for inflation of 5% to 6%, even the most bullish forecasts would not return "real" business spending to its 1974 peak levels. Says Chase Econometrics Associates President Michael Evans...
...election was brief as only seven HUISA members ran for the seven available posts. Rafi Ahmed, Ramani A. Aiyer, Henri Gillet, Mary T. Lynch, Felix Twaalhoven '79, Salim Walji and John D. Weston '80 will take over next year from the present governing board, which was appointed last November by Faculty advisers Archie C. Epps, dean of students, and Jennifer Stephens, director of the International Office...
...year and in fiscal 1978) that President Carter has estimated as one result of his program to stimulate the economy. Irwin L. Kellner, vice president of Manufacturers Hanover Trust, fears a return to consistent double-digit inflation before the end of 1978; Albert H. Cox Jr., president of Merrill Lynch Economics Inc., sees a 40% chance of inflation reaching about that speed late...
...settlement is just the latest in a string of whopping payoffs in sex-and minority-discrimination suits. AT& T agreed to payments totaling $75 million, mostly to women. Similar proceedings have cost Merrill Lynch $ 1.9 million and Bank of America more than $3 million. Northwest Airlines is fighting a court decision ordering it to pay compensation to some 3000 stewardesses. The cost could run to $40 million. Current targets of such suits include Reader's Digest, Newsday, Saks Fifth Avenue and nine high-priced Manhattan restaurants that refuse to hire women as waitresses. One restaurant that has already knuckled...
Byrne and Lynch face sentencing Jan. 6 on the extortion conviction, which they plan to appeal. Said Carl Vergari, the Westchester district attorney whose office prosecuted the kidnaping case: "I am going to recommend the maximum sentence to the judge"-15 years. Vergari does not suspect Sam Bronfman of involvement. He said flatly: "I am convinced that Lynch and Byrne are guilty. I wouldn't have tried them if I wasn't convinced." Nevertheless, in the minds of many people, a cloud of suspicion will inevitably linger over Sam Bronfman...