Word: motors
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...long made car loans, but now they are lending money to other businesses, giving out mortgages and helping consumers finance everything from washing machines to vacations. The three auto giants all have financial subsidiaries that have become huge companies in their own right. With $75.4 billion in assets, General Motors Acceptance Corp. ranks among the largest U.S. financial institutions. In the past two years the assets of Ford Motor Credit Co. have grown 64%, to $31.3 billion, and Chrysler Financial Corp.'s assets have more than tripled, to $15.9 billion. Proclaimed Chrysler Chairman Lee Iacocca at last week's annual...
...Harvard Crimson of May 11, 1984. The committee comments: "It should be noted that while U.S. firms employ less that I percent of the Black work force in South Africa and accounts for only 17 percent of foreign investments there, they dominate several strategic sectors: energy, computers, motor vehicles and mining. In a critical way, then, some of the U.S. firms in which Harvard is invested contribute directly to the support and perpetuation of apartheid...
...summer itineraries, they are setting out to explore what John Steinbeck called "this monster of a land." Travelers will be driving down country roads, hiking in the mountains, jogging on the beach. Their expeditions will spark a business boom for hotel owners and cruise operators, car-rental companies and motor-home manufacturers. In all, some 92 million Americans and 24 million foreigners are expected to vacation in the U.S. this year. As a result, revenues for the U.S. tourist industry may reach a record $280 billion, up some 10% from last year...
...climate, a desert that bursts alive in spring, the San Pedro Valley, Dragoon Mountains to the north, Huachucas to the south, and sunsets that turned the land lavender. With fresh paint, new lumber and much of America out on the open road in the modern prairie schooner, the motor home, Tombstone was back in business, a going concern. The town hummed along selling tours of the cemetery and the O.K. Corral, silver and turquoise jewelry, antique mining implements, as well as the regrettable curios of the day: plastic scorpions, John Wayne on velvet, Elvis dinner plates...
...been left comparatively wealthy by her late husband, an old man whose marriage to her was arranged when she was young. Feeling youthful still and strangely restive, she develops a yen for a neighbor boy, who returns her affectionate remarks with the demand that she buy him a motor scooter. This infatuation comes to nothing, and everyone with a claim on her generosity seems relieved: "The relatives were glad that Durga had at last come around and accepted her lot as a widow...