Word: reportedly
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Dates: during 1970-1979
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Gulf & Western issued its first annual report in 1959, one year after changing its name from Michigan Plating & Stamping Co. It was best known for producing rear bumpers for Studebakers. The report listed sales of $15.4 million, profits of $316,000 and a work force of about 600. The firm that year had a new chairman, a young Austrian immigrant named Charles G. Bluhdorn, who launched the company on an aggressive expansionist course. Today, under Bluhdorn's direction, G&W ranks 59th on the FORTUNE 500 list, with 1978 sales of $4.3 billion, earnings of $181 million, and more...
Novelist Reynolds Price (A Long and Happy Life, The Surface of Earth) went to Plains, Ga., two years ago to report for TIME on President Carter's home town. A native of North Carolina himself, Price returned to Plains recently to see what change the presidency has wrought...
...Khomeini prepared to meet Bakhtiar last week, Washington was laboring to find who was responsible for the American diplomatic debacle in Iran. The House Permanent Select Committee on Intelligence, in an eleven-page report, blamed just about everyone, from President Carter on down (not to mention previous Administrations) for a myopic policy that confined its view of a whole nation to the personage of one man, the Shah, and ignored the grievances that festered throughout the country. The House report stressed that "intelligence and policy failings were intertwined: intelligence collection and analysis were weak, and policymakers' confidence...
...monarch's industrializing society; meanwhile, many remember the role traditionally played by the Shi'ite mullahs as protectors of the oppressed. TIME Correspondent William McWhirter talked with one peasant family, uprooted from the Ayatullah's birthplace of Khomein (pop. 12,000) in central Iran. His report...
...long hoped that the slowdown was a cyclical fluke, caused mainly by the recessions of 1970 and 1973-75 (recessions always hurt productivity because companies run high-powered machinery at a slow pace and keep on the payroll workers who do not have much to do). But the annual report of the Council of Economic Advisers, submitted to Jimmy Carter last week and sent by the President to Congress with a covering letter, pretty well blew away that theory. Productivity, the CEA pointed out in the report, has not recovered during the past two years of expansion. In fact, productivity...