Word: townsends
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Dates: during 1970-1979
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...roots of this crisis are old and deep. In the 1960s, under Chairman Lynn Townsend, Chrysler glanced jealously at the worldwide power of both GM and Ford and tried to emulate them by expanding rapidly at home and abroad. The forced growth was ill-timed, haphazard and too fast. Chrysler entered the 1970s lacking the financial resources to weather three recessions, two oil crises and an enormous wave of environment, safety and fuel-economy regulations...
...while, it was hard to figure out where the cast of Tommy left their show. As we go to press, the place seems to be Currier House, where the show originated. The production, based on the opera by Peter Townsend of The Who, is about a youth who goes deaf, dumb, and blind after witnessing his mother's infidelity; eventually he finds his callin as a pinball player extrordinaire. It's all laden with heavy Christ symbolism...
...federal budget deficit from $37 billion this year to the $29 billion that Carter projects for the fiscal year beginning in October. The Board of Economists expects the deficit in fiscal 1980 to bulge to $45 billion. In fact, says Alan Greenspan, head of the economic consulting firm of Townsend-Greenspan, "Carter has a better chance of bringing in the budget below $30 billion this fiscal year than next." One reason: tax receipts this year will be up because the economy was much stronger than expected this winter and expenditures will be below expectations...
...United Banks of Colorado, an 18-bank holding company. Says she: "More and more women are coming into the profession and doing well, but there aren't a whole lot at the top. I'm a rarity." Another rarity is Kathryn Eickhoff, vice president and treasurer of Townsend-Greenspan, economic consultants to many of the nation's largest corporations. She assumed most of the duties of the firm's president, Alan Greenspan, when he went to Washington as chief of the CEA under President Ford...
Alan Greenspan of Townsend-Greenspan and Co., Inc.: "Carter's actions significantly increase the probability of recession...