Word: soon
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Dates: during 1970-1979
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Customers in two dozen countries will soon be spending less than they ordinarily would for a wide variety of imports, ranging from cheese to autos, and that will help slow inflation. U.S. export sales should pick up for industries as diverse as hospital equipment, chemicals and data processing, creating more jobs. American farmers should get easier access for their goods abroad, helping to narrow the huge U.S. trade deficit...
Congress will find it difficult to avoid the passage of some sort of tax. Oil industry profits for the first three months of 1979 will soon be released, and they will show a surge of perhaps as much as 40%, largely because the OPEC cartel's price rises have caused higher prices in the U.S. too. In addition, companies benefit because their stockpiled inventories of crude, bought at lower prices, also rise in value. That alone will be enough to anger a public already critical of the oil industry, and the continuing rise in gasoline and other fuel costs...
...fellows who just missed getting jobs making license plates will soon be back behind the wheel of the world's largest truck and trailer producer. Robert D. Rowan, 57, former president and chief executive of Detroit's Fruehauf Corp., and William E. Grace, 70, the former chairman, were convicted in 1975 of defrauding the Government of $12.3 million in excise taxes. Though both are stitt on probation, next month Rowan will return to his $440,000-a-year job and Grace will become chairman of Fruehauf s executive committee...
...students at Harvard Business School still keep their homosexuality a deep secret for fear that it will hurt their employment prospects with major corporations when they graduate. The chairwoman of the Radcliffe Lesbians Association asks that her name not be printed in TIME because "I would just as soon my relations in California did not know...
...home, Tommy's gifts seemed evident enough. He did not begin talking until age two, but then he spoke in com plete sentences. He was soon memorizing advanced charts of human anatomy, and could whip his grandfather at chess at age four. But at school Tommy produced conflicting est results (once scoring low in mathematical ability, later achieving a very high score). Teachers frequently complained about his short attention span, and sent him to stand out in the hall to keep him from distracting the other children. Because of his undisciplined be havior, he was at first denied admittance...