Word: stockely
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Dates: during 1970-1979
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Since 1975, the nation's herd has shrunk from 132 million to 116 million head, a seven-year low. Cattlemen are now holding their breeders back from markets to rebuild their stock. As a result, beef is becoming scarcer, and this summer the price of hamburger-quality meat is expected to go up by 15% to 20%. Steak cuts may climb...
...sign a union contract quickly, but management is under financial as well as personal pressure. The boycott may be telling. Though Stevens' sales have been rising, profits dropped 14% in the past fiscal year, ending in October, and another 7% in the first quarter of fiscal 1978; the stock is selling for about $14 a share, far below its book value...
MANY COLLEGES around the country are being forced by student concern to confront the issue of investments in firms operating in South Africa. Protests, teach-ins, demands for divestiture of stock in these companies and national media attention all arise from tension between administrative profit-oriented stock decisions and student demands for strong action against firms helping support apartheid. Often the debate focuses on the possible benefits of U.S. corporations remaining in South Africa and pursuing progressive racial policies under apartheid. Other questions that loom large in the student-administration "dialogue" concern the role of U.S. banks in financing apartheid...
...always-bankrupt railroad has a unique sort of charm. If you like crowded, eternally late trains and continually climbing ticket prices, you'll love Amtrak. Every experienced Amtrak rider has had several brushes with destiny during the long rides to school and back. the railroad comes complete with a stock of weirdos, winos, and generally pitiful people, all of whom seem hellbent on telling you their life stories or annoying you as much as possible. The following characters are all real, and all of them are either pitiful or revolting, and sometimes both...
...France's parliamentary election campaign came down to the wire, London bookies were offering 6-to-4 odds against a leftist victory. The franc ticked up in the international money markets, a mini-rally stirred the moribund Paris stock exchange, and President Valéry Giscard d'Estaing and Premier Raymond Barre privately predicted a center-right win-by a narrow margin. But the left still led the center-right parties by about 50% to 46% in the latest polls, and there were plainly still some Frenchmen who were ready to resort to the traditional Gallic suitcase defense...