Word: marketeers
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Dates: during 1970-1979
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...introduction of the energy program that Carter had once called the moral equivalent of war; the following day came news of a Senate compromise on gas deregulation and at last the possibility of a breakthrough for the energy program. On the economic front, the long grounded stock market took off like a Concorde, but Carter was informed that his tax-reform program was doomed. And in Moscow, Secretary of State Cyrus Vance was trying to make progress toward a SALT treaty that some Senators openly promised to reject...
That sardonic explanation is as sound as any for the explosion of optimism that sent the long depressed stock market kiting more than 55 points in six trading days through last Thursday. The wild rally that started April 13 hit a peak of frenzy at the start of last week: on Monday, April 17, as whoops and cries echoed through the New York Stock Exchange and floor traders tossed torn-up paper in the air to celebrate, an unbelievable 63.5 million shares changed hands, and the Dow Jones industrial average spurted almost 15 points. Prices stumbled a bit the next...
...million-share days if and when the little guy joins the buying rush. Trading was still dominated last week by institutions such as pension funds, mutual funds and insurance companies. Edson B. Gould, 76, an analyst with Anametrics Inc., who has an awesome reputation for calling stock market turns since 1924, predicts a return to the magic 1000 mark on the Dow by early fall...
...WORST OFFENDER is the Swiss giant Nestle, manufacturer of Lactogen, Nan, and Cerelac formulas. The marketing practices of Nestle, which owns 81 plants in 27 Third World countries and sells formula to 100 Third World countries, exhibits some of the insidious techniques used to create a market for infant formula. Nestle employs some 5000 "milk nurses" (also called mothercraft advisers)--trained or untrained company representatives who travel to hospitals and sometimes villages, dressed in their white uniforms, to tell mothers about the advantages of bottle feeding. Some are paid on commission. Another common practice is the setting up of "milk...
...Corporation refused to give in to the pressure, and the Mass Hall occupiers left peacefully after six days. After the sit-in, Bok sent one of his assistants, Stephen B. Farber '63, to Angola to investigate the situation first-hand. Today Harvard still owns stock in Gulf Oil, but market forces and minor sales of some shares put the present value at $8.5 million...