Word: silver
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Dates: during 1970-1979
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Director Arthur Hiller (Silver Streak) keeps the cast in tight control, and that is all he does. He misedits the slapstick sequences, bathes every scene in pasty white light and seems incapable of placing the camera in its proper position. Then again, maybe it is just as well that there is not a first-rate film maker behind The In-Laws. Had someone directed this movie for all it is worth, the audience might never get up from the floor...
...year cicada has nothing on the perennial goldbug. Quick-buck speculators, long-haul investors and just plain inflation-scared savers have put so much money into gold that last week it ballooned to a record $277.15 an ounce. Other precious metals have been piggybacking on the yellow stuff. Lately silver and platinum have risen even faster than gold. Predictions that gold could hit $300 an ounce by midsummer-and that other metals could rise in tandem -are becoming self-fulfilling as speculators rush to buy in anticipation of higher prices...
...pollution-fighting catalytic converters in cars, has risen an eye-popping 173%, to well over $400 an ounce, since the Soviet Union, a big supplier of the metal, started throttling back exports two years ago. Some market watchers expect it soon to hit $500. The demand last year for silver, used for coinage, camera film and tableware, was about 17 million ounces greater than the supplies of 433 million ounces from regular channels, and the remainder had to be made up by dipping into private stockpiles. A slowing of the world economy might cause prices to decline. But until that...
...Capitol Hill angered the White House. After conferring with top Carter aides, Democratic National Committee Chairman John C. White charged that the coalition was dividing the party. Said he: "The continued activities of people like the five Congressmen are going to almost surely hand over the presidency on a silver platter to John Connally or Ronald Reagan...
DIED. Blue Mitchell, 49, lyrical jazz trumpeter who performed and recorded with Horace Silver's combo for six years (High Heeled Sneakers) and most recently with his own Blue Mitchell-Harold Land Quintet (Smooth as the Wind); of cancer; in Los Angeles...