Word: tightenings
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...under the pressure. Last week the parties to the embargo-upheld by all NATO nations (except Iceland) and by Japan-were studying secret U.S. proposals to remove some peaceful items from the China embargo list. In return the U.S. wants to lengthen the list of items embargoed to Russia, tighten the "exceptions procedure" by which Britain and others have sent certain strategic goods into Russia. The U.S. would continue to have no dealings with China but would agree to China trade by its allies...
Northeastern lost 16 to 5 to Tufts yesterday afternoon, and since the Jumbos fell into the victim sack for the varsity, 9 to 3, today's meeting should be little more than an opportunity for the Crimson to tighten up for the Army game on Saturday...
Honeymoon. Despite Hoffman's troubles, Stahl and Di Salle are confident of the company's soundness, hope to tighten up its administration and step up earnings. Says Di Salle: "We're moving in on a family that has several new marriages, and all newlyweds have to adjust." On the honeymoon will be an unwelcome guest, the SEC. It is investigating to determine why there were such big discrepancies in the public financial statements of the corporation and whether U.S. Hoffman stock was traded illegally...
Much of the current worry over the state of the economy can be crystallized into a single concern: Will the consumer keep on buying, or will he succumb to the notes of pessimism and tighten up his purse strings? By the healthy ring of the nation's cash registers last week, it was clear that the consumer has not suffered any recession jitters. The Federal Reserve Board reported that department-store sales for the previous week jumped 7% above the 1956 level, and that for the month ending in mid-February, sales increased...
...Generation. World War II cut the supply of rich vacationers, forced the Badrutts to tighten up; the Kulm was sold to Swiss Businessman Albert Ernst. But the Palace is still run by Hans's widow Helen, and two sons, Andrea and Hansjurg, and a new generation scrawls its names across the guest book: Henry Ford II, Rita Hayworth, Barbara Hutton. For its 400 guests the Palace maintains a staff of 300, including 40 cooks, who daily turn out half a ton of fancy meats and 1,000 pastries. The wine cellar is stocked with 60,000 fine bottles...