Word: stockely
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Dates: during 1970-1979
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...Algy, Freddie and Bobby find that the club, while once a mere entertainmentm, has now become an exigency--a place to vent their grievances, desires and opinions. With unabashed candor and infinite self-important, they lyrically relate their thoughts on any number of topics, from the "graph" to the stock market. But their most vehemently held opinions all center on the nature of females. Although the four staunchly maintain their fondness for women, they still view the fairer sex as pawns in a male game. Bertie and Co. obviously think that the female should be subjugated to the male...
Most Americans associate racing with either the Indianapolis 500 or Richard Petty and redneck stock car races on Southern oval tracks. Like actors and baseball players, racing enthusiasts are regarded as somewhat declasse. But the Harvard-dominated Medenica team defies all the stereotypes, both in racing style and in personnel. They compete in Formula Ford road racing, on Grand Prix-style courses with single-seat cars equipped with 1600cc. Ford Fiesta motors. While Formula Ford cars can't match the flat-out power of Indy types they still average 90 to 100 mph on twisting, graded courses...
...stock market bust? One reason is widespread fears about next year. Businessmen and economists interviewed by TIME last week generally agreed that real G.N.P. will slow to a growth rate of about 4.3% in 1978, unemployment will remain stuck at about 7%, and inflation will increase to something over 6%. More important, almost all of them fear that the economy will run into an air pocket during the second half of next year-just about the time the impact of the new energy and Social Security taxes starts to be felt. Says Albert Cox, president of Merrill Lynch Economics: "Economic...
...hard-nosed Fed chairman has replied in kind. In his view, business profits are too low, and something must be done to increase them to prevent economic recovery from petering out. Two weeks ago he declared: "Anyone who wonders why capital spending has been so halting or why stock prices have behaved so poorly for so long would be well advised to study this dismal record of what American business has been earning." Indeed, a Wall Street Journal survey last week found that analysts expect corporate balance sheets to take a turn for the worse next year, which could mean...
...that they ought to be paid as much as the skilled craftsmen represented by the Amalgamated Union of Engineering Workers, while the A.U.E.W. is determined to maintain the pay differentials. But the vote at least staved off the worst. The government, which now owns 95% of Leyland's stock, had passed the word that it would advance no more cash to Leyland if centralized bargaining were rejected-a move that would have meant the company's demise. The workers apparently believed that London really meant...