Word: risings
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Dates: during 1960-1969
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Risk Is the Key. No matter how high they rise, the hired employees of corporations rarely earn as much as owners, partners or other entrepreneurs, who get a payoff for personal risk. Apart from top management, lawyers are the best-rewarded corporate employees, averaging about $29,000 in high legal-department positions. But lawyers in private practice have no ceilings, and incomes of $50,000 for younger partners in leading firms are fairly common...
...price of gold in Paris last week shot to well over $46 per oz., the highest in two decades. That upsurge reflected, more than anything, smoldering fears about the future of the franc. The spark that started the rise, however, was President Nixon's call two weeks ago for "new approaches" to international monetary problems. It was only an offhand remark, but French speculators misinterpreted it as a sign that Nixon might favor a rise in the price of gold or some basic revamping of currency values. When the President discusses money matters in Europe this week, he will...
...managed to keep its economy expanding with little inflation. West German Economics Minister Karl Schiller said in his annual report that the country's production grew by almost 9% in 1968 and should expand by another 6.5% in 1969-with inflation accounting for barely 2% of the rise in each year. As a result of that performance, the Germans registered a trade surplus of $4.6 billion last year and wound up with $10 billion in gold and monetary reserves, compared with France's $4.1 billion...
...professionals also seem increasingly uneasy about the "tone" or "quality" of the market. The much publicized mess in the back offices of brokerage houses, which are tangled in paper, has done little to inspire confidence in the effectiveness of Wall Street's management. , In addition, the fast rise of prices of new issues, many of which have climbed to premiums despite meager or non-existent earnings, is a symptom of dangerous speculative fever...
...fits so well into the program that she would be proud of it. If you go to AIR, watch for this movement: it comes during the intermission, right after Cambridge-earth, and is about ten minutes long. The lights go up, the applause trails off people rise from their seats, move around, look nervously other people, scratch their heads, light cigarettes, and start to talk. To talk and talk and talk. To move and look and scratch and light and talk so fast that they should be in the movie sequence of Hilles. IT was at this point that Miss...