Word: short
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Dates: during 1970-1979
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...American technology would extend to such Western values as human rights and intellectual freedom. No such luck. The Peking government is now trying to stamp out those pernicious notions in what seemed to be a reprise of the anti-intellectual purge in 1957 that crushed Chairman Mao's short-lived 'let a hundred flowers bloom" campaign...
...1920s to show that "putting money out at the shortest intervals has been the best hedge against inflation." So Samuelson recommends that investors place their cash in six-month certificates of deposit in savings banks; or in the money-market funds-open-ended mutual funds that invest in short-term securities such as certificates of deposit, commercial paper and Treasury bills-that offer check-writing privileges...
Alan Greenspan, 53, economist, New York City. "First plant cash in short-term CDs, and then plan what to do with it later. Move the money out only if you find better yields elsewhere...
Murray Weidenbaum, 52, economist, St. Louis. He has been putting his money into short-term securities like Treasury bills. When interest rates peak and start declining, he plans to shift into three-to-five year Treasury notes and perhaps municipal bonds to lock in the higher rates. Less than one-quarter of his assets are in stocks. Says Weidenbaum: "I have been the typical small investor who gets burned repeatedly. I have had a diversified portfolio of lemons...
During the winter, Energy Secretary James Schlesinger began urging oil-fired utilities and factories to convert not to coal but to natural gas. This was to have been only a short-term move to help soak up the gas glut, but it created the misleading impression that coal was not the Administration's favorite fuel after all. Asserts Jim Larson, president of Energy Fuels Corp., Colorado's largest coal producer: "There is a simple lack of leadership. From where I sit, you just have to wonder what in hell is going on back there in Washington." The industry...