Word: moving
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Dates: during 1970-1979
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...with the bigger morning News (circ. 283,000): "Before, everyone was beating us, no matter how hard the writers and editors tried." Now, he adds, "we can get out with the breaking news, then go back and do some interpretation in the later editions. It's fun." The move has boosted the paper's circulation by 7,000 readers...
Last April, Congress took a flying leap in the dark. Responding to pressure from politically powerful oldsters, it raised the mandatory retirement age from 65 to 70, although so little study had been done that estimates of the economic and social consequences were only horseback guesses. The move alarmed businessmen, who feared that retaining aging workers would clog the channels of promotion and reduce the hiring of young people, especially women and blacks. But when the law finally went into effect on New Year's Day, the worries had substantially diminished. Many employers now think the law will have...
While the U.S. is tamping down its economy to fight inflation and strengthen the dollar, Western Europe is beginning to emerge from the stagnation that began when oil prices were quintupled in 1973-74. The result will be "a scissors movement"-Europe's economies will move up, while U.S. growth declines in 1979. This metaphorical prediction, from the 24-nation Organization for Economic Cooperation and Development, is one of the most optimistic forecasts that the Old World has seen in years...
Interstate 90 is a city-parting swath through the west side of Cleveland that permits white-collar suburbanites to move easily downtown to work. It was the Monday after Cleveland had become the first major U.S. city since the Depression to default on its debts, and I was on the road, driving downtown to buy concert tickets...
...This move satisfied the banks and they promised not to take any legal action against the city until after the referendum. But even with the banks temporarily placated the city's financial difficulties are far from being over. Cash-flow problems persist and other creditors are becoming restless...