Word: turnaround
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Dates: during 1970-1979
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...from about $1 billion to $2.6 billion this year, causing total foreign indebtedness to soar to more than $10 billion. Meanwhile, an alarming rise in inflation (40% this year alone) has slowed real economic growth, from a 10% annual average to zero in 1977. Any thought of engineering a turnaround by expanding the Labor Party's elaborate, 29-year-old system of export subsidies and import duties was anathema to Begin, who during his election campaign had promised less government interference in the economy. Instead, said Begin's top aide, Yehiel Kadishai, "we are going from a welfare...
Seal of Approval. To the surprise of almost everyone at the hearing, the greatest heat came from the Senators' eagerness to heap praise on the budget director. In a remarkable turnaround from the deep concern that many of them had expressed only three days earlier about Lance's business affairs, they lobbed soft questions at him, asked even gentler follow-ups, and accepted his answers at face value. Ohio Democrat John Glenn wondered whether "Lance's assets include his closeness to President Carter." Continued Glenn: "None of us can answer that. I will skip that...
...share in January. Additionally, a program to collect delinquent accounts more quickly has cut down the time of the average unpaid bill from 59 days in 1973 to a present tolerable level of slightly more than a month. These changes have helped bring about a sharp earnings turnaround: Con Ed's net income rose by 55% last year, to $301.4 million, al-though revenues grew by only 18%, to $2.9 billion. With Con Ed shares now at about $23 and the company in strong shape financially, some Wall Street brokers are again recommending the stock...
...role in Vietnam. Robert S. Harding '52, now a University of Pennsylvania anthropologist, voted for former president Dwight D. Eisenhower while Freedman was snaking through Cambridge on a sound truck campaigning for former Sen. Adlai Stevenson (D-Ill.). Harding, who says he has subsequently "done a complete turnaround," perceived the mood then as "one of threat from the outside. Czechoslovakia had been overthrown a few years earlier and we were all genuinely afraid of being surrounded by communists. Sending troops to Korea made sense at the time, although we were terrified at the idea of actually going over there...
...effecting the tenants' slow turnaround from paralyzing fear to embattlement, the organizers of tenant resistance met with their most serious obstacle: convincing their fellow tenants that to win the battle they only had to stay ensconced in their apartments "and say no. No to all intimidation. No to harrassment. No to the tireless rumormongers." Overcoming the obedience to authority of the neighbors was so difficult that by the time the small nucleus of organizers had succeeded, the number of occupied apartments had fallen from...