Word: quarters
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Dates: during 1970-1979
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...crowds were noticeably sparser than those that had greeted Richard Nixon in 1974. This may have been partly because Carter's presidential motorcade appeared on such short notice, partly because it rolled through the tranquil upper-middle-class suburb of Heliopolis rather than Cairo's crowded working-class quarter. Yet the smaller turnout may also have reflected the Cairenes' growing skepticism at the possibility of peace being near. Said one: "We have been waiting now for peace for more than a year. If Carter has brought peace, we can give him a better farewell...
...fact, oil companies and OPEC are both benefiting from the rapid run-up in prices. Oil industry profits for this quarter are expected to rise anywhere from 20% to 40% above last year's. Among the reasons: inventories acquired at last year's prices are becoming more valuable as OPEC pushes up the worldwide cost of crude. The largest gains will come from operations in Western Europe, where retail prices are largely uncontrolled...
...companies seem, destined to reap an absolute embarrassment of riches. According to projections by Wall Street's Paine Webber Inc., Ashland Oil, the nation's largest independent refiner, will see first-quarter profits leap by 517% over last year's earnings; one reason is the deals that the firm has been rushing to slap together during the crisis. Last week Ashland eagerly paid an exorbitant price, about $19.50 per bbl. for 300,000 tons of Iranian crude, even though the company's inventories are all but overflowing. Ashland executives had no firm idea of what...
Yesterday some guy asked me whether the aesthetic of cool had any objective validity. I gave the poor fellow a quarter and told him to buy some Smokehouse Almonds...
Clearly, Chrysler needs a lift. It lost $204.6 million in 1978, even though it earned $43 million in the fourth quarter, entirely from nonautomotive businesses. All automakers except General Motors plan a series of temporary plant closings this month to reduce bulging dealer inventories, but Chrysler's is by far the largest shutdown. Four of its five domestic auto plants and one that makes trucks and vans will close for at least a week, idling about 20,000 workers. Says Iacocca of the switches amid shutdowns: "We have to get profitable, we have to carve out a niche...