Word: midwestern
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Dates: during 1970-1979
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...Tail Gunner" McCarthy nicknamed Harvard the "Kremlin on the Charles," but once all the midwestern farmboys arrive in Cambridge, they soon find out Harvard will train them for the Chase Manhattan Bank and not a revolutionary cadre. It is only natural that Harvard's faculty mirrors this bias. The radical graduate students and assistant professors soon leave for greener, tenured pastures--just take a look at the Cambridge refugees at the U Mass Economics Department...
Cash Crisis. Most gas retailers operate on a close-to-the-knuckle cash flow; they must pay their suppliers on demand, often on a day-to-day basis. Most Midwestern utilities are able to maintain this balance of payments because consumption is way up and the majority of customers are still paying. But in New England, where homeowners typically heat with oil, the cash crisis is becoming lethal. Wholesalers, especially the major oil companies, have screwed down credit limits so tight that dealers in Boston are being given as little as five days to pay for shipments. At the same...
...week was a bravura diplomatic debut for a Midwestern ex-Senator of primarily domestic bent who in the past year had barnstormed the American heartland aboard a chartered commercial jet nicknamed Minnesota Fritz. Mondale successfully managed the transition to Air Force Two and international relations, thanks in part to intensive homework (during Inauguration week, he put himself through a 30-hour crash course). He was also helped by his self-deprecating good humor. "Where's the bed?" he exclaimed with a look of mock desperation on his face as he padded down the aisle in tennis shoes. "Jerry Ford...
...monitoring stations showed a lowering of pipeline pressure, indicating big surges in demand. "The gas was being pulled out faster than we could put it in," said Henry King, an executive of the sprawling Columbia Gas Transmission Corp., a network of seven gas distributors in several mid-Atlantic and Midwestern states. "In some plants we were reaching the peril point...
Businessmen were reassured by Carter's Cabinet choices. Said a top General Motors Corp. executive: "Whatever decisions he makes, he will at least have the advice of people who know our problems." Moreover, the Midwestern economic outlook is improving. Detroit hopes to sell close to 10 million cars and 3.5 million trucks this year, thus putting to work many of the 39,000 unemployed auto workers. In turn, the steel and tire industries are heading for a good year, and the prosperity will trickle down to the rest of the region's economy. Said Eugene Swearingen, chairman...