Word: stillnesses
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Dates: during 1960-1969
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...also have found possible confirmation of the "big bang" theory. If the universe had indeed been born in a cataclysmic explosion eons ago, it would still be expanding in all directions. Despite their continued drift away from the original blast, the individual parts of the universe would remain in approximately the same position in relation to one another - much like the lettering on the surface of an expanding balloon. That, says Conklin, is the pattern of galactic movement indicated by his observations...
Flat Sales. "I've been looking for this kind of evidence for some time now, but I still want another month before I take out the trumpet and start to blow it," said William Butler, vice president of the Chase Manhattan Bank. His caution was echoed by other business and Government economists. The leading indicators, however, reveal a significant slowdown in construction, commitments for new plant and equipment and general investment activity. Retail sales have flattened in recent months, and the actual volume of sales-discounting inflation-has not risen at all over the past year. The evidence suggests...
...Japanese still fear the introduction of many foreign products and ideas. They are particularly worried about the entry of U.S. firms, whose massive capital, modern sales promotion and advertising could upset the harmony and order that are so much a part of the Japanese way of life. Foreign firms might also challenge the cozy arrangements under which Japanese businesses divide up their home markets. As a result, the Japanese have erected a bewildering maze of restrictive regulations. Foreign-owned firms can make wire but not cable, cameras but not lenses, watches or clocks but not both. Imports of 120 items...
Fortunately, opportunities still exist for a compromise. Nixon himself has speculated that the U.S. might make concessions in its Okinawa policy if the Japanese accepted textile quotas. The U.S. might also be willing to make the quotas fairly liberal, provided that Japan would open its domestic economy more widely. Indeed, if the U.S. settled for mild textile quotas, the Japanese might permit U.S. auto firms to start joint manufacturing ventures in Japan, as Ford and Chrysler are already negotiating to do. Prime Minister Sato is expected to tell Nixon in Washington that the Japanese auto industry will be opened...
...company agreed to sell Chile 51% of its mines on next Jan. 1 for about $200 million. The remainder is to be sold after 1972 for a price still to be determined. Anaconda will continue to manage the mines for an annual fee of approximately 1% of sales, or roughly $5 million...