Word: rose
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Dates: during 1970-1979
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NIGHT MOVES ALMOST left town two days ago unnoticed. It ground through a week of general release in the suburbs, unheralded by advertising, overshadowed by Nashville and Jaws, slipping on the projector as Silent Night, Evil Night slid off, making way this week for Aloha, Bobby and Rose. Except for a last ditch run at the Charles, unmentioned in the newspapers. Arthur Penn's new movie came and went like a clerk and his briefcase on the subway...
Levy does not believe the OPEC countries can increase their imports as rapidly as the banks assume. Morgan Guaranty predicts the OPEC countries' imports will grow by 20% a year. Levy concedes that OPEC imports rose even more than that last year, but doubts the oil countries can keep up the pace. The thinly populated Arab states lack the expertise, labor, port facilities and inland transportation network necessary to handle that big a tide of foreign goods. In addition, many of last year's imports were fighter planes, tanks and other highly destructive weapons, and there are questions...
...number of housing starts rose 14% from April, to an annual rate of 1,126,000. That was the first significant upturn after a shocking plunge. From an annual rate of about 2.4 million in 1972, housing starts had nose-dived to a yearly pace of only 880,000 by last December; in the first four months of 1975, starts stayed flat at a bit below 1 million. Carla Hills, Secretary of Housing and Urban Development, said that the May figures "seem to indicate that a recovery is under...
Unhealthy Debt. The change could not come too soon for many U.S. companies that have become overburdened with debt. A typical example is Baker Oil Tools, Inc., a Los Angeles-based manufacturer of oil-drilling equipment, whose debt last year rose to an unhealthily high 70% of the firm's entire capital. By selling $24 million in stock in April, Baker reduced its debt-to-equity ratio to a more comfortable fifty-fifty. So far, energy-related companies have been most successful in selling new stock. Buyers, however, remain cautious and highly selective. Two weeks ago, when an underwriting...
Early last year the ruling Liberal Democrats determined to put Japan through an anti-inflationary wringer by slashing government spending and boosting interest rates, thus suppressing consumer demand. The policy worked: Japanese wholesale prices, which were zooming up at an annual rate of about 35% a year ago, rose at a yearly pace of less than 4% in May. But industrial production plummeted 21% last year, while capital spending slumped 13% and more than 11,000 companies closed their doors. Even unemployment doubled, to 2.2% in March (joblessness was confined mostly to seasonal and transient laborers). Lately, Japanese businessmen have...