Word: steel
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Dates: during 1960-1969
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...Kiss of Death." Even after the proper nursery school, many parents apply to some ten or more private schools, steel themselves again for more interviews. They must step gingerly, since the test of admission is often not so much whether the school is right for the child, but whether the parents are right for the school. The key to acceptance often lies in the references they supply for their child, influential names collected from family friends or at cocktail parties and business lunches. But an admissions director deluged with reference letters may observe the old rule of thumb that...
...again. And what they waited for most was the instant when a trim, 5-ft. 6-in. man, dressed in spotless white shirt and breeches with soft leather belt, bounded into the spotlight of the center ring and doffed his pith helmet. Then, whip in his right hand, a steel-reinforced chair plus blank-loaded pistol in his left, he would summon the first ferocious cat into the cage...
...days in a row, struggled up just a bit in the final session, and closed at 864-down 16½ points for the week.* Everybody on Wall Street was waiting for news from Washington and looking for a firmer fix on three uncertainties that overhang the market: Viet Nam, steel labor, and the immediate future course of the U.S. economy...
Optimism in Pittsburgh. More realistic than the investment community's fears about Viet Nam are the worries about a possible steel strike-but even they seem to be extravagant. As negotiations resume in earnest this week, management negotiators and the Steelworkers' 163-man wage policy committee have already resolved most of the "noneconomic" issues, will now get down to wage bargaining with a probable Aug. 31 deadline. Publicly, management claims it will not offer more than a 2¼% increase in wages, while the union asks for 4.4%, or about 50? an hour over a three-year contract...
...even the pessimists have been surprised by the durability of the expansion. The consistent Cassandras, who have been forecasting downturn for many months, have begun to hedge their predictions with such words as "may," "might," and "possibly." The clouds they see over the economy include high inventories, especially in steel, and the prospect of inflation. After staying flat for five years, wholesale prices in the past six months have jumped 2.1%-owing to a rise in farm prices and processed food costs. The increases are now showing up in supermarkets...