Word: shakier
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Dates: during 1970-1979
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Time Inc., which had bought the Star last February from Texas Financier Joe L. Allbritton, found the paper's condition to be shakier than anticipated. The Star was $10 million in the red in 1978, and losses of $16 million were projected for 1979. Last October the Star's management announced that Time Inc. would commit $60 million to a five-year program aimed at making the paper profitable, but only under a condition: the paper's eleven unions had to replace their unexpired contracts with new five-year agreements allowing management greater flexibility and to take...
...Administration's voluntary wage-price guidelines are getting off to a shakier start than friend or foe had anticipated. Kahn, the anti-inflation czar, does not have enough staffers or even telephones to accommodate the torrent of questions from business and labor leaders seeking clarification of the complex program, with its ambivalent language and infamous algebraic equations for figuring out how much prices may be raised...
...kind of shakedown cruise-shakier at times, perhaps, than Jimmy Carter might have wished. But it accomplished the general purposes the President-elect had in mind. For the first time, Carter last week assembled his top aides, Cabinet nominees and other upper-echelon appointees, giving them a chance to get to know each other and to begin wrestling with the problems they will inherit...
...hoopla, the bunting and bravado, but underneath run currents of deep anxiety. Whoever gains the Republican nomination this year inherits a split and dispirited party and faces the heavily favored, consensus-minded Democrat Jimmy Carter. If the G.O.P. candidate loses in November, the already wobbly party will become even shakier. Not just its opponents but Republicans themselves are wondering whether the G.O.P. can survive much longer...
...good-even if Commoner does not spell out how the nation should go about financing such changes. But then he moves to a more demanding and shakier argument. All U.S. industry, he says, is caught in a trap. It keeps looking to new technologies to boost output and has to pay immense amounts of money for new machines. Since the money cannot come from internal profits - which Commoner, at least, claims have dropped sharply - it has to come from banks and other investors who are already pinched for capital. Moreover, the new processes tend to use less human labor, spurring...