Word: welds
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Dates: during 1970-1979
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...vacation has definitely stymied as," Weld resident Jon Miller said yesterday about his attempts to organize freshmen who had been sent up to the Quad, even though the Quad Houses were among their three bottom choices...
...bull market in the making? A. Gary Shilling, chief economist of White, Weld & Co., notes that "historically, whenever we've had a major recession- like in 1921, 1937 and 1958 -we've never had a genuine new bull market until all the bad news is out of the way." Last week's big spenders were ignoring several signs that that has not happened yet. The Labor Department reported that industrial productivity declined by 2.7% last year; that is the first decline in manufacturing output per man-hour since the department began keeping such records in 1947. Corporate...
...guesses are frightening. Senator Stevenson figures that the energy program could eventually raise living costs for the average family by $1,000 a year, or four times the $250 in direct fuel increases that the Administration estimates. A. Gary Shilling, chief economist at the Wall Street firm of White, Weld, fears that price increases forced by energy costs could total not $30 billion but $60 billion. That may be overblown, but if the increases go as high as $46 billion, they would take away all the money that consumers would get from Ford's tax rebates and reductions; if they...
...group of advisers. Secretary of State Henry Kissinger early convinced Ford of the necessity of a tough conservation program. That was urgently needed, he argued, to stop the hemorrhage of dollars to oil-exporting countries and demonstrate to the other oil-importing countries, which the U.S. is trying to weld into a coordinated bloc for bargaining with the OPEC cartel, that the U.S. really means to reduce imports. But Kissinger played little part in putting together the details of the proposals. That was done by a group headed by Frank Zarb, chief of the Federal Energy Administration...
Like stubborn generals squabbling over strategies, U.S. and European leaders have been divided as to just how to deal with Middle Eastern oil producers. The U.S., which is relatively rich in energy resources and thus only moderately dependent on foreign oil, favors an adversary approach; it hopes to weld the world's most important oil users into a united front facing the 13-nation Organization of the Petroleum Exporting Countries in a long-term effort to drive down oil prices. Western Europe, which gets most of its oil from the Middle East, is wary of schemes that would anger...