Word: mammoths
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...mammoth Washington Hilton ballroom, Rex Humbard, 60, and his family tape their down-home variety show of song and gospel patter for his 236 TV outlets in the U.S. and 414 in other nations. The set: a rotating stage carpeted in black velvet with a ramp bordered by flashing lights...
...consolation match, Phills faced off against Trenton State's Fred Aikens. The 300-pounder avenged an earlier loss to Phills when he caught him under with 15 seconds on the clock. Phills, who gave away almost 100 pounds to his mammoth opponent, succumbed to a pin move but still received third-place honors...
Actually, "shale oil" is neither shale nor oil. The rock is marl, a variety of limestone laced with a solid fossil fuel called kerogen. The kerogen was deposited 40 million years ago in the form of millions of tons of vegetable matter that collected on the bottom of a mammoth freshwater lake that then covered Utah, Wyoming and Colorado. But these lake-bed accumulations were never subjected to temperatures as high as 300° F and to extreme pressures that in time created underground deposits of readily usable liquid oil and natural gas. Now man must finish nature...
...prices and business production outstrip the consumer's buying power. As Andrew Tobias has pointed out, though, the U.S. pays $65 billion annually to foreign oil producers, and that by far should be the chief target of any anti-inflationary program. Let the "living standard" that has Americans riding mammoth cars and wasting electricity fall, not the standard that keeps food on their tables and money in their savings accounts...
...blue-chip stocks and bonds, few radiate so pure an azure as IBM's. Thus when the mammoth computer corporation decided to raise $1 billion, half of it in 25-year debentures, some Wall Street underwriters anticipated a field day. To be sure, interest rates were expected to go up another notch in late October, but by moving up the launching date two weeks, IBM and its principal underwriters, Salomon Brothers and Merrill Lynch, were confident that the timing was right. It was hideously wrong. The bond issue turned out to be perhaps the greatest underwriting fiasco in Wall...