Word: moneyitis
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Dates: during 1960-1969
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...newcomer, though, is any match for the Boston supershoppers. Money pinned to their bras, they spend part of every business day prowling the basement's depths while TV cameras and store detectives with walkie-talkies watch. Though some supershoppers resell their bargains at a profit, the most sophisticated brave the basement for the thrill of the hunt. Such is Mrs. Josephine Conroy of Needham, Mass., an attractive, smartly attired (all in Filene's bargains) grandmother...
...company earned only 3.9% on sales of $1.1 billion, compared with 6% for the industry's most profitable major operator, Firestone. After Northwest's takeover attempt, Keener, who was paid $240,000 last year, allotted each of the divisions a profit target and rigorously trimmed back on money-losing operations. Last week, six days before Christmas, Goodrich closed down a rubber footwear plant in Watertown, Mass-and with it went the jobs of 950 employees. In that case, the closing had been announced in July. "Let's be frank," says John N. Hart, Goodrich vice president...
...first international form of money, the Special Drawing Rights, is created...
...more serious problem is financing. President Nixon has given the Mekong project less support than Lyndon Johnson did. Washington has shortsightedly refused South Viet Nam's request that the U.S. contribute one-fourth of the money to build a $22 million bridge across the Mekong in the southern delta. U.S. officials contend that security problems and the cost of Vietnamizing the war make bridge-building unrealistic now. They deny any change in policy, saying that Nixon is simply waiting...
Executive Infighting. The most damaging threat to Mekong development has come from the United Nations. Eager to borrow big money from Robert McNamara's World Bank and other international banks the U.N. shook up the Mekong management two months ago in a way intended to heighten its appeal to Western capitalists and Asian Communists alike. Dr. C. Hart Schaaf, 57, an outspoken and visionary Indiana professor who in ten years as chief executive became known as "Mr. Mekong," was reassigned to Ceylon. U.N. executives felt that the chief should be non-American, particularly if the project is ultimately...