Word: selling
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Dates: during 1970-1979
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...pride is more blatant than ever. The simple reason: these days the old hooray for the home team gets amplified by all the techniques typical of the age of hype. Localities and larger principalities routinely hire professional publicists and jingle writers to puff up the old image and help sell it like so much soda pop. Provincial self-glorification is both nourished and exported in a growing number of slick regional and city magazines. Moreover, metropolises and counties now go to exorbitant lengths to build spectacular sports arenas, convention centers and cultural palaces, ostensibly to serve the public but also...
...period. With those guarantees, the company would be able to borrow from private bankers who would otherwise turn down Chrysler as an unacceptably high risk. In case of default, taxpayers would be left holding the bag, and the Government would probably have to take over Chrysler and hope to sell off its vital parts...
...combination of squeeze and sacrifice is expected to meet the Treasury's conditions, but Congress will be harder to sell. The aid package will go before the banking committees of both the Senate and the House...
Chrysler may have to sell off some more operations. Its small marine products division, which makes outboard motors and boats, and its 15% investment in France's Peugeot could well go on the block. The company may also sell one or more of its U.S. engine or transmission plants to a major importer like Volkswagen or Japan's Honda and work out a deal for Chrysler to buy back some of the production. In sum, the company will have to accept a reduced role in the auto market...
Parts of the underground economy are highly visible. Most big cities are aswarm with street hawkers, who sell from boxes and truck tailgates an astonishing variety of jewelry, clothes, toiletries, fruits vegetables and assorted schlock. Some of the stuff is "hot"; last year about $2 billion in merchandise and food was hijacked from trucks or stolen from warehouses. The rest is distress merchandise that has not moved on the store shelves and is dumped at large discounts to middlemen, who field it out to street hawkers. City governments are trying to collect sales taxes from the vendors, but the vast...