Word: turn-around
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...dramatic turn-around on Herb Gintis (three years ago his bid for an assistant professorship, though actively supported by students, garnered only two senior faculty votes) is a transparently hypocritical attempt to legitimize the decision not to hire MacEwan and me. And safe, too, for as chairman James Duesenberry pointed out to The Crimson, Gintis was not offered tenure. This can scarcely be viewed as responsive to student needs, though they will benefit greatly if Gintis should decide to accept the offer. Student outrage and the intervention of a few powerful members of the Economics Department with the University administration...
...larger inconsistencies of Richard Nixon's decision to clamp wage and price controls on the U.S. economy 16 months ago was that he had originally opposed the legislation that authorized his move. Last week, in a step that brings the turn-around full circle, Administration officials announced that they will ask Congress for an extension of the law, which gives the President sweeping powers to "issue such orders and regulations as he may deem appropriate to stabilize prices, rents, wages and salaries," before it expires April 30. Nixon evidently plans to do some reshaping of the anti-inflation program...
...face of soaring costs, why did LIFE continue to publish for four unprofitable years? At a valedictory staff meeting, Hedley Donovan, editor in chief of Time Inc., gave the reason: "We persevered as long as we could see any realistic prospects, within a reasonable time span, of a turn-around in LIFE's economy." Those prospects were extinguished this fall with melancholy prognoses for decreased circulation and advertising pages. These, coupled with postal-rate increases (amounting to 170% over five years) made the end inevitable. At the meeting, the last of LIFE's six managing editors, Ralph Graves...
...Bosley Crwowther reigned for six of those years, selling conventional quality to the New York pubic post, and condeming out of hand many genuinely inovative films. Then there was Renata Adler's stints "A Year in the Dark," as she put it--when the Times managed an abrupt turn-around and welcomed even the most nouveau of the New Wave output. For the last three years, we've been condemned to Vincent Canby--perhaps the least distinguished writer the Times has had in a major reviewing post, as much an industry gadfly as critic (perhaps accounted for by his training...
Part of the reason for American's turn-around is the cost-cutting drive of Chairman Roy D. Chapin Jr. Major savings resulted from his decision to forgo styling and engineering changes in 1972 models. Six of the company's lower-priced 1971 models were dropped, a move that pares its present line to a more profitable 15 models. As a result, American's operating budget has remained at its 1969 level, while sales have risen 50% since then...