Word: ticker
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Dates: during 1970-1979
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...Teletype machine used to transmit news around the globe; of heart disease; in Canaan, Conn. A tinkerer as a child, Kleinschmidt was only 15 when he began work on the Teletype, an invention that eventually made him a multimillionaire. Among his 100-odd patented inventions: the stock market ticker, an automatic fishing reel, a police radio-teleprinter and a macaroni-twisting machine...
...difficulties facing previous chairmen have already been resolved. Much of the private-club nature of the New York Stock Exchange has been stripped away by SEC-mandated rule changes. Negotiated commissions for stock trades went into effect nearly two years ago, abolishing the anticompetitive fixed-commission system. A consolidated ticker tape is in operation, allowing investors to compare prices for individual stocks on several exchanges, including the N.Y.S.E...
...features would be an order to the SEC to begin moving toward establishing a single, truly national securities market, supplanting the hodgepodge of regional exchanges that now exist. Some actions have already been taken toward the "central market." In June, transactions on other exchanges will appear on the same ticker tape as those on New York's Big Board. Investors will then be able to see where they can get the best deal and steer their business to the proper exchange...
...give it much thought, but when Vietnam veterans returned home, people didn't go out of their way to greet them. Unless they were POWs, there were no brass bands or ticker tape parades, and the soldiers didn't march in platoons before cheering crowds as in World War II news clips. Such pageantry would have seemed ludicrous in light of the bitterness the war created. But even if they weren't hailed as conquering heroes, the vets could have received some acknowledgment and practical help for their sacrifice, especially when it inflicted such brutal psychological wounds. Instead, trickling back...
...Tribune has closed its Paris bureau, and the Washington Star-News this month is recalling its single foreign correspondent, Hong Kong-based Henry Bradsher. Costly wire and features services are also going. The Sacramento Union has saved as much as $80,000 a year by ordering its Associated Press ticker removed (and taking on the far less expensive Chicago Daily News/Sun-Times news service and Cartoonist Bill Mauldin), and Washington's WTTG-TV has for the moment stopped buying $100 commentaries by Columnists Rowland Evans and Robert Novak...