Word: ponts
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Dates: during 1970-1979
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Like apprehensive stragglers from the Japanese army who thought World War II was still going on long after it was over, Wall Street traders are super-sensitive these days about anything resembling the click of a rifle bolt. Take the case of E.I. du Pont de Nemours & Co., the nation's largest chemical producer. Four weeks ago, Du Pont announced that it would report profits for the second quarter slightly lower than those earned in the first three months of the year. Nervous investors took that as an indication that the recovery of the chemical industry...
Brimmer, a former member of the Federal Reserve Board and a former director of the Du Pont Company, was appointed to the position in 1974 and was to remain until June 30, 1977. But in a statement issued last week, Brimmer said he was leaving to establish an economic and financial consulting firm in Washington, D.C., as an "outgrowth" of some of his outside activities...
...indicated that institutional investors-mutual funds, pension funds, trusts-that had been on the sidelines had strongly re-entered the market. Furthermore, just about all categories of stocks profited from the upsurge. On one day, advancing issues outnumbered declining ones by seven-to-one. Among the big gainers: Du Pont (11% points), General Electric (4 points), Procter & Gamble (5% points) and U.S. Steel (5% points...
...Mexico when the cumulus clouds start to pile up on horizon. The Gulf Coast is part desolate and soulless tourist strip, cheap motels and nightclubs where groups like Doug Clark and the Hot Nuts play, and part fishing villages and marsh and swamp. The swamps give way to Lake Pont-chartrain presently, and the Louisiana Superdome starts to loom on the horizon. Beyond the Mississipi and the alluvial silt of the Coast, Houston beckons...
...hottest-selling armor since Wilkinson Sword turned out chain-mail flak suits for airmen in World War II is made, improbably enough, from a finespun synthetic fiber called Kevlar. Developed by Du Pont and used primarily as a substitute for steel in belted radial tires, the fabric-lighter than nylon and tougher than steel-has been fashioned into everything from sports jackets to undervests and worn by everyone who might come under the gun, from cops to Presidents. While even the thickest Kevlar garments will not stop most rifle bullets, the material nonetheless provides formidable protection. The 23-layer version...