Word: seemly
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Dates: during 1970-1979
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...most visible oil price gougers last week were not the oil companies but some of the more militant price hawks in the Organization of Petroleum Exporting Countries. Iraq, Libya and Iran all announced boosts of 10% or more in the overall cost of their crude, and other producers seem likely to follow suit. What really alarmed oil consumers was that the Libyan and Iranian rise, like that announced by Mexico a week before but unlike those announced by Iraq or earlier by Kuwait broke through the $23.50 per bbl. price the cartel set in June as a "ceiling...
Carter Administration officials are remarkably untalkative about the record rates, evidently in hopes that the developing downturn will become known as the Volcker Recession rather than as a product of Jimmynomics. Indeed, voters do seem concerned about the climbing cost of money. One night last week, when Volcker arrived at Washington's Kennedy Center for a preview showing of Tom Stoppard's play Night and Day, a woman approached him and said plaintively, "Please, don't let interest rates stay high for too long." Replied the Federal Reserve chairman, as he removed the cellophane from...
Such concerns began to seem more immediate during the summer of '29, as the economy began to falter. After the market reached its high on Sept. 3, there was a gentle decline, with ups as well as downs, for several weeks. "We tend to blame the market," says Kidder Peabody Chairman Albert Gordon, 78, who then worked in corporate finance for Goldman, Sachs. "But the market was just a symptom. We were in a bad economic situation whether or not the stock market crashed...
Mattey, now 69 and a senior vice president at Bache Halsey Stuart Shields, blames the suicides on the psychology of the era. "Then people seemed to be more affected by the loss of money than they are today. When people lose a lot of money now, they just plan on how they are going to make a winner somewhere down the road. The people who lost then appeared despondent. They didn't seem to be in a frame of mind in which they could possibly make a comeback...
...want to "cause the group any trouble." Days later Goetz explained that Walsh definitely was not a member, although the group "appreciated (his) time and effort in clarifying the pro-condominium viewpoint." Walsh may not be a member, whatever that legally means, but his ties with the group seem strong. An interesting footnote: Walsh, a trustee of Harlow Properties, was involved in several of the condominium sales to group members...