Word: turnabout
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...does this turnabout strike all those friendly types in Providence? "The feeling around Brown is super, great, tremendous," Anderson said yesterday. "We've even got the faculty out watching practices. After all, everybody likes a winner...
...some land of support to Big Mac bonds−a guarantee if the paper is subject to federal taxation. New York, in effect, has a new government with a more decisive politician, Hugh Carey, at its head. It is probably the city's last chance for a financial turnabout...
...courage." Senate Majority Leader Warren Anderson, a Republican who had led the fight to prevent additional state aid to the city, said that Beame "has made a 180-degree turn, which is exactly what had to be done." But it would have been better if Beame had made his turnabout earlier. In the time-honored fashion of New York politicians, he had put off dealing with the crisis in the vain hope that it would somehow go away. At first, he tried to accuse the banks, as if they were to blame for incurring the city's debt. When...
...buying-and profiting-has been done by the pros. Many corporate pension funds that cautiously kept about 50% of their assets in cash in the depths of the recession last winter are now about 70% invested in the market. Other institutions have made an even more dramatic turnabout. Philadelphia Investment Co., which had 75% of its assets in cash last fall, is now 75% in stocks. At New York's Marine Midland Bank, Vice President Richard Hobman acknowledges that "the vast majority of our cash is fully invested." Growth-oriented mutual funds have been among the heaviest stock buyers...
...majority, with an important 14% undecided. Since last March, however, pollsters have reported an amazingly consistent 2 to 1 majority in favor of continued membership. The latest Gallup poll showed 61% intending to vote yes, 29% no and only 10% undecided. Most political analysts see the turnabout as a sign that many formerly skeptical Britons are now prepared to believe that "Harold knows best." The pro-Europe forces also profited from world market fluctuations that at least temporarily have made food prices lower within the EEC than outside...