Word: stockings
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Crowd control is more of a problem than stock control at the state-run Jamahiriya supermarket in central Tripoli. Most days there are plenty of people and few goods, an elementary supply-and-demand problem that sometimes leads to fisticuffs and invariably produces squabbles. When a consignment of locally produced laundry soap reached the shelves last week, several hundred people were crowded around the doors at opening time. Once inside, they wrestled to get at the cartons and then elbowed and pushed their way to the cash registers. "I was hoping for cooking oil today," admitted...
Some board members warned against what Herbert Giersch, director of the University of Kiel's Institute for World Economics, called a mood of "Europhoria." The good economic news has led investors to push up prices sharply on all the major stock exchanges in Europe in recent months, but Giersch warned that growth will not be enough to solve deep-rooted problems like unemployment. Hans Mast, an executive vice president of Crédit Suisse, agreed. Said he: "Unemployment in Europe has many demographic, structural and social causes that cannot be redressed simply." He also pointed out that his upbeat forecast assumed...
...players walked in the first day," recalls Payton, "Mike was standing there with his arms folded. He nodded to [Assistant] Ted Plumb, who started calling roll. I thought, 'We're in the Army now.' "Ditka, 46, is from Aliquippa, Pa., and his people are from the Ukraine, Nagurski stock. A Canadian who has lived most of his rich life just across a frozen lake in Minnesota, Bronko, 77, once claimed to have no personal knowledge of summer. That's the Bear toughness. "Some teams are named Smith," Ditka says. "Some are named Grabowski." He bends his mustache into a snarling...
BUSINESS: The stock market goes wild as cheap oil triggers a "virtuous cycle...
...Sneers Gerry Spence, a famed Wyoming trial lawyer (no relation to Miami's J.B. Spence): "What the insurance companies have done is to reverse the business so that the public at large insures the insurance companies." Consumerists often point to the judgment of Wall Street, hardly a Naderite stronghold. Stock traders bid up the price of property-casualty insurance shares an average of about 50% last year, in the apparent belief that the industry at minimum is on its way back to solid profitability...