Word: townsends
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Dates: during 1970-1979
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...Pepper, the bill must vividly recall another piece of legislation for the aging that came earlier in his career. When he ran for his first full Senate term in 1938, Pepper urged the passage of the "Townsend Plan," which called for a $200-a-month payment to everyone over 60 who agreed to retire, regardless of need. Though the plan was defeated, political pressure for it was in part responsible for the passage in 1935 of the public assistance and old-age insurance provisions of the Social Security...
...princess, Queen Elizabeth's sister Margaret has never had much luck with fairy-tale romances. Duty-bound to give up her true love, Group Captain Peter Townsend, she settled for Antony Armstrong-Jones, and is now legally separated. According to Margaret's friends, quoted in the British weekly Woman's Own, the match with Jones came about because Margaret received a letter from Townsend announcing his plans to marry another. "That evening, I became engaged to Tony. It was no coincidence," Margaret told her friends. She has also revealed her doubts about remarrying: "It would probably...
Winter's Cold. "The worst is over," says United California Bank Economist Raymond Jallow in Los Angeles. Jallow and other economists believe that the price spurt in the past months was due mainly to the economic effects of last winter's cold weather. Moreover, Townsend-Greenspan & Co., the New York consulting firm headed by Alan Greenspan, a member of TIME'S Board of Economists and formerly Gerald Ford's chief economic adviser, notes that "the chances of a significant acceleration in inflation rates as the economy moves into 1978 appear to be diminishing...
Divorced. Nicol Williamson, 40, stormy star of the British stage who played Sherlock Holmes in Hollywood's The Seven-Per-Cent Solution; by Jill Townsend, 32, an American-born actress; after six years of marriage; one son; in London...
...biggest fear holding down investment is of a renewal of inflation to double-digit levels. Once a prod to "buy now before the price goes up," inflation has become a brake on capital spending. Says M. Kathryn Eickhoff, vice president of Townsend-Greenspan & Co., Manhattan economic consultants: "An inflationary environment makes calculating rates of return on new investment difficult, even though profits as a whole are likely to rise as inflation advances...