Word: rose
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Dates: during 1970-1979
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Assistant Managing Editor Ray Cave, who will join Rosenstein and Phillips at the Rose Bowl on Jan. 9, knows both pass patterns and strategies from his days as executive editor of SPORTS ILLUSTRATED. Cave played some tough touch football in school ("I liked being the lonely end-it was safer out there"), but never got a chance to root for his college colors: St. John's in Annapolis does not compete in intercollegiate sports...
More important, BP's profit prospects are bright. The company, hit hard by global recession, registered the lowest profits of any of the seven international oil giants in 1975?$336 million. In last year's first nine months, profit rose less than 6%. Estimates are that earnings will more than triple this year and will rise a further 60% or more in 1978.* Reflecting these great expectations, BP common has almost tripled since the start of 1975, to $13.44, making it Britain's hottest industrial stock...
...inflation rate in Israel during 1976 averaged 42%. The foreign debt stands at $10.7 billion-which is roughly the same as Israel's gross national product. By the most generous reckoning the G.N.P. grew by 2.8% last year. And the unemployment rate, which in the past hardly ever rose above 3%, is creeping up toward 5%. Small wonder that the economy is a central issue in this spring's special elections forced by the resignation of Premier Yitzhak Rabin (TIME...
Tandy's formula has worked. After a decade of solid but fairly slow growth, the chain suddenly took off; between 1972 and 1976 the number of stores more than tripled. During the company's fiscal year ending last June, profits rose 120%, to $64 million. Radio Shack indeed has almost taken over its parent firm. Tandy Corp. has spun off most of its other businesses into separate companies chaired by Charles Tandy, and now has only minor operations other than Radio Shack...
Died. Alex Rose, 78, leader of New York State's Liberal Party; of cancer; in Manhattan. Rose's political involvement stemmed from his activity in the United Hatters, Cap and Millinery Workers International Union, where for 26 years he served as president. Four decades ago, Rose co-founded the American Labor Party; when it began to take on a Communist tint in 1944, he and other union leaders created the rival Liberal Party. The actual vote on the Liberal line was never large, but it was big enough to sway many elections. Republicans such as John Lindsay...