Word: tooled
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Dates: during 1960-1969
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Gasoline ads have generally ignored air pollution, concentrating on better mileage and higher performance for engines. Last week Standard Oil of California began to use pollution control as a promotional tool. It will market a variety of its Chevron gasoline that, it says, will help produce cleaner air. The gas contains an additive called F-310 that, according to claims, holds down the engine deposits that cause deterioration of emission-control devices and removes accumulated deposits. The additive will also, of course, "reduce fuel consumption, improve performance and cut maintenance." To be introduced in California and Hawaii next month...
...main worries: inflation and the possibility of recession. As we followed business news through 1969, it became clear that more and more economists were paying closer attention to the ideas of University of Chicago Professor Milton Friedman, who stresses the importance of money supply as the chief tool in fighting inflation and recession. Hence our year-end review features Dr. Friedman on the cover as it surveys the economy and his theoretical approach...
...militant demonstrator picketed the Coop, urging an end to the Jew-Communist-Pinko-Fascist Conspiracy and to the sale of E-Z day dry-mops and Hallmark Christmas cards. Meanwhile, pro-establishment enthusiasts hawked copies of Forbes magazine. "The capitalist tool...
...Discipline as a tool, versus discipline as a straight jacket. Today, when you meet another graduate student, or professor, you ask him what is his field...
Fire Sale. For Storer, which acquired its Northeast stock from Hughes Tool Co. in 1965, the deal makes sense. True, Northwest will give only one share of its stock, worth about $35, for five Northeast shares, which traded at a total of almost $70 just before the announcement. Individual shareholders in Northeast will take a drubbing, and they have started to organize and protest; but even at the fire-sale price, Storer will get out with a profit. It has put $35 million into Northeast, and will receive Northwest stock currently worth around $38 million, plus a Northwest promise...