Word: walls
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Dates: during 1970-1979
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...level, Wall Street was responding to some bad news. The Labor Department reported that the unemployment rate for October was basically unchanged, at the disappointingly high rate of 7%. Wholesale prices jumped .8% in the same month, the biggest increase since April and an augury that inflation's rate might be quickening. Reflecting similar worries, the Federal Reserve System again stepped hard on the monetary brakes by selling Government securities to drain bank reserves and raise the cost of borrowing. With oil imports propelling the U.S. balance of trade deficit toward an alarming $30 billion this year, the dollar...
...economic recovery from petering out. Two weeks ago he declared: "Anyone who wonders why capital spending has been so halting or why stock prices have behaved so poorly for so long would be well advised to study this dismal record of what American business has been earning." Indeed, a Wall Street Journal survey last week found that analysts expect corporate balance sheets to take a turn for the worse next year, which could mean a further slash in capital-investment plans and even a cut in dividends...
Spreading shutdowns. Taxpayer rebellions against ever-rising educational costs, which are largely supported by property taxes, are forcing school systems to the financial wall. Partly because the city did not put a school tax increase on the Nov 8 ballot?it would never pass, officials said?Cleveland's 110,000-student system is flat broke and remains open only because a federal court has said it cannot close. Some 40 other Ohio school districts are also facing shutdowns...
...hard to get anyone to run for student office. Only 43 freshmen out of 400 voted last year for their class officers. On the other hand, violence is rare: surprisingly so, since a strict caste system separates the "jocks" (often children of the town's wealthier residents) and the "wall rats," so named because they once congregated along a wall behind the school to smoke before an inner courtyard was designated this year as a smoking area. Their fathers are apt to be mill hands or fishermen, and they tend to come from poor or broken homes...
Since midsummer, a nationwide shortage of insulation, fiber glass and rock wool, has turned the fuel conservation plans of tens of thousands of other Americans into near-impossible dreams. Fiber glass today no longer comes only in the familiar batts (rolls) tacked up between wall and ceiling joists; it has also largely replaced rock wool as the preferred fluffy insulation material blown into wall spaces...