Word: rumorings
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...bargain basement just waiting for shoppers. Last week they came pouring in, driven by random pieces of upbeat economic news (a slowdown in the growth of the money supply, a hefty increase in industrial output during March, a firming dollar overseas) as well as a juicy-though unfounded-rumor that Exxon Corp. had struck oil off the New Jersey coastline. In addition, there were reports that President Carter was considering reducing the size of his proposed tax cut, a move that would tend to counter inflation. Buyers also came back because of the Street's herd instinct...
...those factors also drew in money from abroad. Foreigners were particularly intrigued by the oil-strike rumor, which suggested to them that the U.S.'s energy problems would be eased and the dollar would regain its stature. With some $400 billion in greenbacks now in foreign hands, an overseas rush to Wall Street would send stocks up sharply. Whatever happens next, the market's behavior last week ought to give Washington some idea of how investors are prepared to respond if the nation ever gets a sensible energy program and an effective policy to fight inflation and prop...
...that Khatemi's ownership of Air Taxi was common knowledge in Iran, and that this fact had been called to the attention of top executives of Textron's Bell Helicopter division in the mid-1960s. The executives, however, testified that they had considered the talk "cocktail-party rumor," unworthy of reporting to Miller. That seems plausible enough. At the time Bell officials were allegedly informed of Khatemi's interest in Air Taxi, Iran was a very minor client. Bell had sold only 15 helicopters to all of Asia during a four-year period in the mid-1960s...
...racial incidents reported at the meeting are unverified and should, in any case, not be taken to characterize accurately any House in the College. The Committee is well aware that such incidents may be viewed differently by the participants and that race issues seem especially to provoke suspicion and rumor...
...Harvard's fight is hardly over. The Washington rumor-mills indicate that a new bill, soon to be introduced to the Senate by Sen. Edward M. Kennedy '54 (D-Mass.), will not contain a federal preemption clause. And so it looks like Harvard's lobbying experts will have to gear up for even more aggressive efforts...