Word: selling
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Dates: during 1970-1979
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...those who went so far as to sell short in dollars, last week's U.S. measures proved expensive. "We sure hope that we mousetrap some bastards with this," gloated one White House senior aide. And although traders named no names, they indicated that some speculators had been hurt. Said a veteran money dealer in Brussels: "One or two companies got their fingers burned right up to their armpits...
According to money traders, American companies have been selling dollars quite as actively as European and Japanese firms. Indeed, André Scaillet, chief money trader in Europe for First National Bank of Chicago, said before last week's rescue that American businessmen "are frequently more bearish on the dollar than the Europeans." Moreover, the selling had spread from U.S.-based multinationals to ordinary companies in the American heartland. In most cases, however, the selling was self-protective rather than speculative in the true sense; if a manufacturer in Illinois bought steel from a German mill, it had a strong motive...
Cleveland's school system is in at least as much trouble as the municipal government. Having managed for two years to delay obeying a federal court's orders to desegregate city schools, which are roughly 60% black, the school board last week voted to sell some 28 vacant school buildings and 20 parcels of land to raise $2.5 million to buy 80 buses-enough to transport 8,500 of the city's junior high school students. To add to the school board's problems, its 27-year-old president, John E. Gallagher Jr., was convicted...
...been virtually shut out of the full-size car market, which now constitutes 29% of industry sales. And when the company introduced its new full-size 1979 Chrysler New Yorker and Dodge St. Regis models with a vigorous publicity blitz in early October, it had almost no cars to sell because of production problems. Chrysler's only real winners this year are its front-wheel-drive Omni and Horizon...
...business until 1977. Lee Boltin, a photographer who had taken the pictures for a book on primitive art, the first of a series to be published by Rockefeller, suggested the idea. Some experts urged Rockefeller to start slowly and do some market testing to see what items would sell best. Rocky said no. "We could have sneaked into the market over five years," he says. "But I wanted to do a real cross section, everything from primitive to modern, Chinese, Japanese...