Word: orly
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Dates: during 1970-1979
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It was the fear of strikes every three years when the union contract came up for renewal that led steel customers to buy still more imports to hedge their supplies. But when steel imports rose from a 13.4% share of the domestic market in 1975 to 17.7% in 1977, the...
The company's 102 lenders fear that if guarantees are granted, but Chrysler still goes bankrupt, federal law requires the Treasury to have a first claim on its assets. Probably not enough money could be raised from selling off its plants and other assets to cover both federally guaranteed...
If this is a recession, let's have more of it. So joke some shoppers trying to elbow their way through the crowds that are thronging the stores. K mart has rung up a sprightly 13.7% increase in retail sales so far this year, and even laggard Sears, Roebuck...
Many measures of industrial activity are lower today than they were at the beginning of the year. Like theologians discussing how many angels can dance on the point of a needle, economists may argue tirelessly whether there really was a recession in 1979 and when it arrived. But there are...
Perhaps a windfall-profits tax should be levied on prolific financial journalists in these inflationary times, because the inkwell is as mighty as the oil well. Anyone who can write with wit or apocalyptic certitude about how to cope with shrinking purchasing power and vanishing nest eggs does not have...