Word: marketed
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Dates: during 1970-1979
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...Freddie and Bobby find that the club, while once a mere entertainmentm, has now become an exigency--a place to vent their grievances, desires and opinions. With unabashed candor and infinite self-important, they lyrically relate their thoughts on any number of topics, from the "graph" to the stock market. But their most vehemently held opinions all center on the nature of females. Although the four staunchly maintain their fondness for women, they still view the fairer sex as pawns in a male game. Bertie and Co. obviously think that the female should be subjugated to the male...
...stock market reacted to all these uncertainties in predictable fashion: it sank. The Dow Jones industrial average, the market's most widely watched barometer, plunged dizzily to 800.85, its lowest level in two years. The drop is particularly unsettling because investors regard the 800 level as a psychological barrier; once it is breached, they fear an even steeper fall. By week's end the market had recovered slightly, to a closing Dow average of 809.94. Nonetheless, since New Year's Eve the Dow has plummeted 194.71 points, an astonishing slide. Clearly the nosediving stock market is trying...
More fundamentally, the stock market is mirroring the business and financial community's deepening lack of confidence in Jimmy Carter's management of the economy. Says Du Pont Chairman Irving Shapiro: "I still think he is a man of great ability. But he let himself get diverted by political slogans rather than sticking to his knitting." Adds James M. Howell, chief economist for the First National Bank of Boston: "Businessmen thrive on certainty. The President has bitten off half a dozen big projects, and all of them generate a tremendous amount of uncertainty...
...stock market bust? One reason is widespread fears about next year. Businessmen and economists interviewed by TIME last week generally agreed that real G.N.P. will slow to a growth rate of about 4.3% in 1978, unemployment will remain stuck at about 7%, and inflation will increase to something over 6%. More important, almost all of them fear that the economy will run into an air pocket during the second half of next year-just about the time the impact of the new energy and Social Security taxes starts to be felt. Says Albert Cox, president of Merrill Lynch Economics: "Economic...
...other respects, Edwardes would seem to be taking over at the worst possible time. Leyland's share of the British auto market has dropped to just over 20% currently, from 27.5% in 1976. Though Leyland's truck and bus operations are still profitable, auto losses pared companywide pretax profits to less than $23 million in the first half of 1977 (on sales of $2.4 billion), from almost $97 million a year earlier on slightly smaller sales. And those figures mask a serious cash shortage; in July, Leyland had to borrow 5180 million from the government's National...