Word: stocked
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Dates: during 1970-1979
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...season is traditionally a time for taking stock, for judging and assessing. This year, although there is widespread anxiety about the current inflation, and about the ability of the Carter Administration to control it, the nation is undeniably prospering. This year's unemployment rate is the lowest since 1974, and 95.2 million people are at work, more than ever before. The output of the nation's industries last month was a healthy 6.8% higher than a year ago. And the crops are in, a record, silo-bursting harvest -an estimated 6.8 billion bu. of corn, 8% more than...
...were to ask, the White House could tell you that Jimmy Carter's favorite color is blue. The President of the U.S. is 5 ft. 9 in. tall, weighs 155 Ibs., has a 39-in. chest and a 33-in. waist. His favorite spectator sport is stock car races. His favorite poet is Dylan Thomas. His favorite books are James Agee's Let Us Now Praise Famous Men and Leo Tolstoy's War and Peace. His favorite car is still the Studebaker Commander that he owned...
...dividend cut shocked Wall Street traders, who apparently saw it as a harbinger of many more to come. Stock prices, which had registered their sharpest one-day run-up ever (35 points) during the initial euphoria over the dollar-rescue program, fell back heavily; last Tuesday the Dow Jones industrial average tumbled 14.81 points. At week's end it was moving in a narrow range just above 800, but nobody could be sure it would hold there. Some brokers fear that a combination of high interest rates and the threat (or fact) of recession could push the average down...
Blumenthal vigorously disputes the idea that last week's Government actions made a recession inevitable. He contends that the downward spiral of the dollar and stock market was mostly a result of a "perverse psychological climate." The President's shock treatment, he predicts, "will turn the situation around." It will give business leaders and consumers confidence that Carter intends to be tough in defending the dollar and fighting inflation, so that they will go on buying and investing. That view has some support even among businessmen who concede that the new program will cause them some trouble. Robert Corson, treasurer...
...also pledged to slash the U.S. budget deficit further and ease the inflationary burden of Government regulation on business. Far from steadying, the financial markets went berserk with the wildest selling spree yet, obviously because investors and speculators judged the policy to be not strong enough. The U.S. stock market tumbled into a deepening nosedive that carried the Dow industrials down 105 points in the twelve trading days before last Wednesday. Gold shot up $17 an oz., to $243, in five days. The dollar sank and sank, in five days establishing four successive post-World War II lows against...