Word: manhattan
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Dates: during 1970-1979
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Station wagons and six-wheel camping behemoths descended last week like panzer divisions on state and national parks and forests; private campsites, with such names as Jellystone Park and Winnebago Springs, had a higher population density than a Manhattan city block. "Roughing it in the wilderness," as a Delaware state recreation official put it, "is when the air conditioning breaks down." In Wisconsin last July 4th weekend, 16,000 state-operated campsites were 99.7% occupied. Asked if he knew of an unspoiled area for a backpacking trip, a veteran outdoorsman in Michigan replied, "You're asking that question...
...unemployed who won't find jobs on the gentle slopes of recovery." The threat of renewed inflation is only one reason for this worry. Interest rates are rising, discouraging business borrowing. Last week New Jersey Bell Telephone and Con Edison put off bond offerings totaling $155 million and Manhattan's First National City Bank raised its prime rate on business loans a quarter point, to 7¾%. Also, the stimulus of the $18 billion of 1975 tax cuts and rebates will be largely exhausted by next year...
...mercifully ended produced the worst earnings slump since the 1930s: between the third quarter of 1974 and the first quarter of this year, after-tax profits of the nation's corporations plunged 34%. Now there is solid evidence that the decline has at long last hit bottom. Manhattan's First National City Bank reports that during the second quarter, after-tax earnings of 912 large manufacturing firms rose 10% above the first quarter. Profits of nonmanufacturing companies, such as banks, utilities and retail chains, increased...
...many alumni, a week or so on campus offers the advantage of a relatively inexpensive vacation with a chance to learn something. Curtis Reis, 41, a vice president of Banker's Trust Co. in Manhattan, attended his fourth alumni college at Cornell last month. Says he: "It is a tremendous combination of a vacation and a different kind of intellectual experience, an exposure to good minds and a chance to explore subjects you can't in the normal course of life." Alfred Moellering, 48, a judge in Fort Wayne, Ind., his wife and two children enrolled...
Died. Leigh Whipper, 98, veteran black character actor; in Manhattan. Among his early parts was a role in an 1898 production of Uncle Tom's Cabin in which he sang Old Black Joe. After serving in the Spanish-American War, Whipper spent 74 years in character roles in plays and films like Porgy and Of Mice and Men. In 1920 he became the first black member of the Actors Equity Association, which did not know his color when he was admitted...