Word: scuttlebutt
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Dates: during 1970-1979
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Even the CIA claims that it has no idea who is running up prices, and the market itself abounds with rumors. Last week's scuttlebutt had it that a single Saudi investor was looking to buy a ton of gold worth about $12 million, and the market was being dominated by just a few large purchasers-including one unidentified German buyer and an unknown Canadian industrialist. About all that is certain is that small investors are now joining in the gold action...
...name of some forgotten dog competes with book critiques. Analysis of a philosophical essay mixes with scuttlebutt of a gossip column: a horoscope predicted a bad end; a Vassar campus newspaper considered the writer's visit to New York "one of the cultural events of the season...
...presumably do, these are no doubt the kinds of matters they discuss over lunch. Now heaven can wait. The American Lawyer, which served up the aforesaid juicy items this week, and two other new tabloid-format papers, are busy attending to the profession's voracious appetite for scandal, scuttlebutt and shoptalk. Unlike hundreds of established legal journals, newspapers and newsletters, which concern themselves chiefly with issues and trends in the law, the new papers emphasize lawyers per se, ad hominem and in flagrante delicto. Also how and where lawyers work, what they earn, what their jobs are like...
...enter a conclave and, from among their ranks, elect the next Pope. The book, The Inner Elite: Dossiers of Papal Candidates ($12.95), is but the beginning. The publisher, Sheed Andrews & McMeel, is also putting out a cheeky monthly newsletter, Conclave Confidential, which for $30 a year offers the latest scuttlebutt on papal "candidates" and Vatican politicking. Next to come: computerized game plans on ways the conclave might develop...
This week Anheuser will announce the introduction of Michelob Light in major markets. Says Chairman August Busch III, the founder's great-grandson, also a brewmaster: "You will see other marketing and product innovations as the year unfolds." Industry scuttlebutt has it that Anheuser is contemplating a move into soft drinks, where profit margins and growth are larger than in brewing...