Word: slowdown
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President Ford signed Senate Bill 848 into law while vacationing in Vail, Colo. guaranteeing restitution to the city for an eight-year construction slowdown on the project...
...long this slowdown lasts depends largely on actions taken in Washington, where the Ford Administration strongly favors expansion of our nuclear capacity. The President wants 200 nukes in operation by 1985 as a key part of his program for national self-sufficiency in energy. "It is time to set aside emotion," adds Frank Zarb, chief of the Federal Energy Administration. "We must get on with the job of utilizing this vital, clean and abundant energy source." Without it, he says, the U.S. would be at the mercy of foreign oil producers, a prospect that he fears could be "devastating...
...blouses; made of semitransparent polyester and cotton, the cloth gets its name from its rough, unfinished look. Demand for blue denim for everything from jeans to auto-seat covers is running high, and corduroy is also moving briskly. Home-furnishings sales, which have been impeded by the slowdown in housing construction, are beginning to show some life, especially in sheets, towels and draperies. Industrial textiles, such as conveyor belts, air-conditioning filters and awning fabrics, are selling poorly, but even they are expected to pick up next year as the economy moves into higher gear...
That complacency proved costly. The spraying slowdown allowed the mosquitoes to thrive and multiply again. Quinine, used to treat malaria, is in short supply in some areas; India has not encouraged cultivation of the Cinchona trees from whose bark the drug is obtained (the malaria parasite is showing a rising resistance to the drug chloroquine, a synthetic substitute for quinine). Furthermore, rising petroleum prices have sent the costs of insecticides soaring, placing another burden on the shaky economics of the region. DDT, which cost India about $500 per ton in 1974, now costs...
Last July Felix Rohatyn, a partner in the investment banking firm of Lazard Freres who has since become chairman of New York's Municipal Assistance Corporation, suggested Otis to United as a ripe acquisition prospect. Otis, although No. 1 in its industry, has had a slowdown in orders because of the worldwide decline in construction starts on high-rise buildings. Still, the company gets a steady and reliable flow of business-about half its revenues-from maintenance of existing installations. Also, more than half of its 1974 sales of $ 1.1 billion came from overseas, where United would like...