Word: westing
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Dates: during 1970-1979
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...shares until Tehran guarantees that its loans will be repaid. Meanwhile, more asset seizures seem likely. Asserted an officer of a New York City multinational bank: "We are going to grab every Iranian asset in sight. There is already a line of banks halfway down the block in West Germany waiting to do the same thing...
Some fortunate parts of the country may not feel the recession at all. The Southwest and Intermountain West continue to surge, largely because of high demand for their energy resources; the Southeast is also generaly well off. But heavy industry areas of the Northeast and Upper Midwest, which rely largely on cyclical businesses, probably will take it on the chin...
...year. Boasts Dealer Ryan Taylor: "They can't give those gas guzzlers away south of the border, but they are going like crazy up here." Around the town of Medicine Hat, where 1,700 oil and gas wells have been drilled in the past year, Canadian, British and West German tank troops on war games have to aim very, very carefully to avoid blowing up one of those pools of energy...
...fastest growing large city. In the past five years, 20 foreign banks have opened offices in Calgary, and last June the Bank of Montreal became the first major Canadian bank to move its chairman, Fred H. McNeil, to Alberta. Says he in his Calgary office: "The time of the West has come...
From their printing shop in Lower Manhattan, Nathaniel Currier and James Merritt Ives taught 19th century America to see itself. Their lithographs re-created urban and rural growth, disasters, the opening of the West and a vast anthology of occupations and pastimes. The Great Book of Currier & Ives' America by Walton Rawls (Abbeville Press; 488 pages; $85) is ponderous to heft but impossible to put down. Author Rawls' text is a lively history of these remarkable illustrators, their entrepreneurial triumphs and their battles with an alarming new enemy, the photograph. Better still are the more than 400 illustrations...