Word: prospects
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Dates: during 1970-1979
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...successful, the Postal Service will sink into much deeper trouble. The private carriers would take away business in cities and suburbs, where high volume makes it easier to turn a profit, and leave to the Postal Service the rural, low-population areas, which are gross money losers. The prospect would be a never-ending spiral of higher rates, lower volume and deteriorating service. As rates went up, more customers would flee, and rates would have to go up again...
Brushing aside the Fairfax County bar's contention that its price list was merely advisory, Chief Justice Warren Burger found that "the fee schedule was enforced through the prospect of professional discipline from the state bar. [A] naked agreement was clearly shown, and the effect on prices is plain." Such naked agreements were long common in bar associations; 34 states once had some kind of minimum fee schedule covering legal services. But in recent years the number has dropped to 18, as lawyers began to worry that they might indeed be subject to antitrust laws. The traditional theory...
...banks are refusing to underwrite new issues of city bonds, and New York Congressmen are going to start such a probe. Though the banks have reasons-the city's habit of borrowing against future revenues to pay current bills would frighten any creditor-they can hardly relish the prospect of scrutiny by unfriendly liberal Democrats. Municipal unions are trying to get their members to withdraw deposits from First National City Bank, which to them symbolizes the financial community, as a means of putting pressure on that institution to make more credit available to Beame...
...Portuguese Angolans were just as fragmented: many were staying because they had no place to go and owned only their homes; others were panic-stricken at the prospect of independence and left. Two passenger ships which called at Luanda almost empty August 24 and September 2 each left carrying 800 passengers over capacity. During those ten days, trucks and vans crammed with luggage and household goods formed a line which snaked over a mile back into the city from the docks...
...government's task was to administer the territory and prepare for elections for a constituent assembly in October and independence the following month. But last week, as Portugal's Foreign Minister Ernesto Melo Antunes flew to Luanda to try to sort out the bitter squabble, the prospect for elections seemed remote at best, and there were fears that the factionalism could degenerate into civil...