Word: numbers
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Dates: during 1970-1979
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Several panel members also faulted Kennedy-Metzenbaum for setting arbitrary limits on the size of companies that are allowed to merge. So long as inflation continues, the number of companies that have $2 billion in sales or assets will grow fast, and yet each firm will have a smaller share of the nation's markets than at present. Meanwhile, the new activism in antitrust would concentrate more and more power in the Justice Department's and FTC's enforcement bureaus. Assistant Attorney General John Shenefield, the antitrust chief, told the group that the public has concluded, though...
...rates and higher stock prices. Companies then would no longer have the opportunity to buy out firms at fire-sale prices. Meanwhile, corporations would have more incentive to expand on their own by investing in new plants and machines. The combination of those factors, said Rohatyn, would reduce the number of mergers...
...Price Stability (COWPS) has been intensifying its pressure on business. Two weeks ago, it strong-armed Sears Roebuck and Co. into rolling back its catalogue prices by 5%, and last week Giant Food Inc., the Washington, D.C.-based supermarket chain, agreed under Government pressure to reduce prices on a number of items. Following up on a longstanding threat, COWPS also released the name of a company it considered a major price offender, Denver-based Ideal Basic Industries, Inc., one of the nation's largest cementmakers...
This year the number of children attending school in the U.S. has dropped to 47.8 million, down 3.3 million from a decade ago. All over America in towns and cities and suburbs, agonizing choices about closing schools and dismissing teachers are now being made. TIME Midwest Correspondent Barry Hillenbrand took a firsthand look at one troubled elementary school district in Evanston, Ill., on Chicago's North Shore, where four school buildings are to be closed. His report...
Wounds left over from Evanston's bitter integration battles of the '60s were opened again. With some evidence, a number of people believed the board had favored keeping schools open in predominantly white neighborhoods, placing an unfair burden on the black and integrated neighborhoods. Adding to the pain was the board's decision to transfer the nationally acclaimed Martin Luther King Jr. Laboratory School, which draws the best students from all over the district, to another building and sell the old Foster School building, which for more than 60 years had been the focal point of black...