Word: switching
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Dates: during 1970-1979
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Another bullish factor is that investors have put a large cache of cash in short-term securities and money-market funds, and it is available to switch into equities when the time is right. This pile has been conservatively valued at $65 billion. Another $4 billion to $5 billion also could come into the market from Europe, where record amounts of cash have been stuffed into short-term securities. The Europeans are waiting to see if the Carter Administration is serious about defending the dollar and beating back inflation by maintaining tight fiscal and monetary policies...
...Colombian youth. By A.N.I.F.'S estimate, only 5% of the crop is smoked locally, and Gonzalez wishes to keep it that way. Captain Luis German Leon, head of the secret police narcotics unit, fears that if pot were legalized many people now involved in the marijuana trade "would switch to kidnaping or trafficking in arms...
That means Restic and his assistants will be looking to switch players into new positions, to train them in new skills so they can provide a second or third line of depth. "We're going to have to work people in. It's going to be a long, hard process," he said...
...Dodge Omni body cost $25,000 in cash. Student Steve Mann insists that the car would be "as cheap as or cheaper" than any current production model to massproduce. Mann is young and tousle-headed. But with poise beyond his years he points out that if society were to switch from petroleum-based fuels to hydrogen, fuel would cost the consumer only about 180 a gal. in gasoline equivalent. "But it'll take ten years before people realize there are oceans of water out there full of hydrogen...
...trouble is they won't give you a key to the house. If you think you can move in and have any influence with Republicans, you're making a bad mistake." Connally "moved in" less than three years later. Why did he switch parties? He says he had become uncomfortable with high-spending Democratic policies and soaring national debt. He reminds Republicans that Watergate had already started when he joined the G.O.P. Says he: "I joined you in the greatest depths of the fortunes of this party, when the party was down, so I can't be accused of opportunism...