Word: stockely
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Dates: during 1970-1979
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...Businessmen also suspect that they will be asked to bear the chief burden of Carter's anti-inflation policies, due out this week (see ECONOMY & BUSINESS), and his energy conservation program, which is expected to be announced next week. These fears are partly responsible for tumbling stock prices and the sluggishness of capital investment. The businessmen want Carter to press Congress harder for an increase in the investment-tax credit to rev up the economy...
...Express as an opportunity to educate himself about publishing so that he can later apply what he learns in Britain. So far he has no editorial control over the Beaverbrook papers, but his nonvoting shares (which he recently increased by another 5%) could become enfranchised if a law affecting stock ownership and backed by both the Tory and Labor parties should be passed...
...suburban entrepreneur's answer to the Haymarket that serves the working-class Italian community of the neighboring North End. At Quincy Market, the perfume of flowers, the bursting ripeness of abundance, and cafe-riche cuisine wafts in the air as bankers converse over lunch and the "beautiful people" stock their wicker baskets. The remainder of the clientele are tourists from the suburbs making a journey into the city to sample the fruits of the "market." At the same time that it hastens the deterioration of the North End as young professionals move in, renovate, and change the Italian working-class...
...South End, on the other hand, attempts are being made to renovate the existing housing stock rather than clear it away. The Department of Housing and Urban Development in coordination with the BRA sponsors programs to provide federally guaranteed low-interest mortgages for housing stock renovation. Unfortunately, these efforts have proven largely unsuccessful because such a large amount of capital is needed for adequate renovation that only upper middle class "pioneers" can afford to move in. As they do so, land values rise and remnants of the old community are driven out like squatters...
...moderate income residents often form tenant and community groups to fight "urban renewal," high rents, abandoned or deteriorating housing stock, and the loss of neighborhood stability in areas like the South End, Roxbury and parts of Cambridge. Although the purpose of these "community housing development corporations," as they are called, is to secure bigger apartments, lower rents, economic returns to the community, and some control over function, design, and tenant selection, they are no more capable of bringing these goals to fruition than are private developers, for both are bound by the same economic constraints...