Word: rosing
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Dates: during 1970-1979
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Western observers are uncertain whether Wang is emerging as a Chinese version of Lavrenti Beria, the Soviet security chief who rose to power under Stalin and was later executed. But Wang surely has the potential. From his tightly guarded headquarters in Fragrant Hill Park, a sprawling, tree-lined compound of antenna-covered villas and underground facilities about a half-hour drive from downtown Peking, Wang runs the Chinese equivalents of the U.S.'s FBI, Secret Service and CIA. His path to Fragrant Hill began early in the 1930s when, as a country-boy corporal in the Communist forces fighting...
Supplies have become so tight that prices-squeezed up by a cartel of producers-rose from $7 a pound in 1972 to around $42 at present. In the U.S., Westinghouse Electric Corp. reneged on long-term contracts to supply utilities with "yellowcake" at fixed prices of $8 to $12 a pound, claiming that it would be ruined if it followed through. Now, utilities in the U.S. and elsewhere are delighted to have a new source of supply. On a loftier plane, Fraser said, "The advent of Australia as a major supplier of uranium will make certain that Australia...
...rose glow in my heater...
...many economic fronts, the news was good last week. The cost of living in July rose only at an annual rate of 4.9%, the lowest monthly increase since December; housing starts jumped to an annual rate of more than 2 million, a cool 46% ahead of a year earlier; corporate profits increased 11.4% in the second quarter. But all this was lost on Wall Street, where stock traders continued to fret about everything from interest rates to new tax legislation. The Dow Jones industrial average, the market's most widely watched barometer, dropped 7.62 points last week...
...market's biggest single enemy in the '70s undoubtedly-though ironically-is inflation. Stocks used to be considered a hedge against inflation, on the rather naive assumption that if prices generally rose, so would prices of shares, but now inflation is almost universally considered bad for the market. One reason: many investors believe that a large part of the rise in corporate profits is an illusory result of inflation. So a dollar of company earnings is no longer worth as much on the price of that company's stock as it used to be. Even in late...