Word: short
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Dates: during 1970-1979
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...thing seemed certain: there is now no way to stop the burgeoning draft-Kennedy movement, short of the Senator's declaring that he will not accept his party's nomination under any circumstances. It is flourishing in some 26 states...
While the flight to gold shows that some investors remain worried about the long-term direction of the U.S. economy, the market decline early last week was considered to be a short-lived emotional response to higher interest rates. These both slow the economy and make bonds relatively more attractive than stocks. Federal Reserve Chairman Paul Volcker repeated that he is committed to throttling back the growth of money supply, and that interest rates would therefore remain high as long as the rate of inflation did. Indeed, the banks' prime rate for business loans climbed from...
Another bullish factor is that investors have put a large cache of cash in short-term securities and money-market funds, and it is available to switch into equities when the time is right. This pile has been conservatively valued at $65 billion. Another $4 billion to $5 billion also could come into the market from Europe, where record amounts of cash have been stuffed into short-term securities. The Europeans are waiting to see if the Carter Administration is serious about defending the dollar and beating back inflation by maintaining tight fiscal and monetary policies...
...Short trips are fuel wasters. Drives of five miles or less account for about 15% of the mileage on U.S. cars, but consume over 30% of the gasoline. Reason: the trip is over before the engine begins to operate at peak efficiency...
...young associates (Martin Short, Alley Mills, John Getz) must choose between ambition and conscience. As one of them jokes, should he "make a nun crack under crossexamination" to serve a big client? The Associates is not afraid to address the ethical issues, light and serious, that confront the legal profession. This show is only afraid of being unfunny or cheap - and, of that, it apparently need have no fear...