Word: rashness
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Dates: during 1970-1979
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...Bank of England report last week cited some of the weaknesses that plague British corporations and could trigger a rash of bankruptcies: chronically low profit margins, diminished cash flow and tight money. Just as the bank's report appeared, London's financial community learned that Ferranti, a leading electronics and defense contractor, could not meet its obligations and had exhausted its lines of credit. Financiers in the City immediately began to worry about which company would be next...
...Harvard Medical School, noticed that dreams, fears and personal associations sometimes prefigured physical diseases. In one case a woman who reported a cluster of hints about a coming illness, including a dream of riding in a red car with a German shepherd, soon produced the familiar red rash of German measles...
Fringe Parties. Tourism, a key source of foreign earnings, has declined by an estimated 40%. There has been a rash of bankruptcies among smaller firms, and a sharp rise in unemployment is expected soon. The army of jobless will be swelled by the boatloads of refugees from the colonies that have already begun disembarking in Lisbon; airlines flying from the territories to Lisbon are booked solid for the rest of the year...
Much more than friendly chats between Gerald Ford and George Meany will be required to reduce the labor militancy that is producing a rash of strikes, and kiting wages up at an inflationary pace this year. A strong indication of labor's mood: the United Mine Workers, representing 110,000 members who dig 75% of the nation's soft coal, plans to shut down all unionized mines throughout this week. Officially, the closing is a five-day "memorial period," called by U.M.W. President Arnold Miller to commemorate the 100,000 coal miners killed on the job in this...
...send troops to Cyprus (see following story), noted that "many things have irrevocably changed." In Athens the new democratic government of Constantine Caramanlis had little choice but to accept the changes. "Mistakes have to be paid for," said Caramanlis in a reference to the former junta's rash decision to overthrow Makarios. Greek Foreign Minister George Mavros explained that "we did not go to Geneva for diplomatic glory. We went there to prevent a deterioration of the situation...