Word: rosee
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Dates: during 1970-1979
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...shot up to a wallet-popping $341 an ounce before settling back at week's end to $329. The Dow Jones industrial average, which had been rising since July, plunged 15 points in one day, the largest decline since last December. Other news was also depressing. Wholesale prices rose in August at an annual rate of 15.4%, which portends still higher consumer prices in the autumn, and unemployment climbed during the month from...
Despite these downbeat reports, the Dow Jones industrials revived at week's end, rose seven points on Friday and closed at 874. Amid the glum news, market analysts and money managers are increasingly confident that a new and sustained bull market is shaping up. Reports TIME Correspondent John Tompkins from Wall Street: "The mood is in the air, palpable, something you can feel. To be sure, there are some well-known bears who still radiate gloom and even a couple of bulls who have turned bearish. But the consensus is that no matter how bad things look in Washington...
...assets minus the liabilities and divided by the number of shares outstanding. Thus it is much cheaper to buy out a company than start a new one. Stock prices are also depressed relative to alternative investments in tangibles. In the twelve months to June, the value of silver rose 63%, gold 55%, old master paintings 22% and housing 14%; meanwhile, the Standard & Poor's composite stock index posted an undistinguished 5.3% gain...
...however, that the newspaper's lawyer, Ernest L. Bell III, sit next to the reporter, telling him what he could and could not write. If anything prejudicial to the defendant appeared in the newspaper, the judge warned, Bell would be subject to discipline. When the hearing resumed, Bell rose and told the judge he had "more important things to do" than censor his client's reporter, but the judge replied, "Not this afternoon you don't, counselor." Bell sat down, but Lord got up and walked out. The Evening Sentinel is appealing the odd ruling...
...DIED. Rose N. Franzblau, 77, Viennese-born psychologist whose column, "Human Relations," appeared in a dozen newspapers for 25 years, dispensing sugar-coated Freud and sensible solutions to family problems; of cancer; in New York City...