Word: ticker
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Dates: during 1970-1979
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...recession was pushing the nation into its steepest economic slide since the Great Depression. The very next day, as worried investors around the country hurried to unload their falling stocks, a record 81.6 million shares were sold off on the Big Board in such a headlong rush that the ticker tape reporting transactions and prices fell as much as 63 minutes behind the pace of trading. "This thing is feeding on itself," fretted William LeFevre, vice president at one Wall Street brokerage house. "Each decline triggers another batch of people who have to sell...
Last week U.P.I. President Roderick Beaton announced a plan to put his wire service back in the black by ripping a page from A.P.'s ticker: turning U.P.I. into a cooperative of sorts. U.P.I. has invited more than 100 of its largest newspaper and broadcasting clients to become limited partners in the wire service. Under the scheme, Scripps and Hearst would retain 10% of the new company and stay on as managing partners. The remaining 90% would be sold in 45 shares, and no single client could own more than 10% of the firm. If successful, the restructuring would...
...summer blends into fall, the bureaucrats in federal agencies are often faced with a problem that few taxpayers will ever have to wrestle with: an overabundance of cash and a pressing need to spend it as quickly as possible. Usually the officials meet the challenge, pumping out money like ticker tape at a parade, and if some of this last-minute spending goes for wasteful, even harebrained projects - well, it's a tradition in town...
...data were all there. This question was being asked even within Carter's official family, and some of his aides told their own stories to make the points. Imagine what Lyndon Johnson would have-done when he saw on his office ticker that gasoline lines were forming in California, said one harried energy planner. L.B.J. would have called in the oil executives and demanded a firm production estimate within 24 hours. He would have grabbed their arms and cut a deal - price decontrol for a reasonable tax on windfall profits. Then, the official continued, Johnson would have gathered...
...nothing anyone could do in Hyannisport except hope that Boss Daley of Chicago could do it for them. Daley was a master at this kind of election-night blackjack game. So were the men I was with in the back room-all of them tense until the A.P. ticker chattered and reported something like this: "With all downstate precincts now reported in, and only Cook County precincts unreported, Richard Nixon has surged into the lead by 3,000 votes." I was dismayed, for if Nixon had really carried Illinois, the game was all but over. And at this point...