Word: worsteds
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Dates: during 1960-1969
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...general already has ambitious plans for the Transport Ministry. "For the love of me," he says, "I do not know why we can have one of the best air forces in the world-sorry, the best -and one of the worst train services. You see, I am not a humble man. But you just watch this wagon move from...
...office rents of up to $15 a square foot in midtown Manhattan v. $7 in the suburbs. Clerical workers commonly put in only 35 hours a week in Manhattan v. 40 in some nearby towns, and their turnover rate averages 34% a year, against 15% in Stamford, Conn. Worst of all, Yaseen reports, it is becoming almost impossible to attract middle-level executives to New York, because living costs average 40% higher than in, say, Dallas or Nashville and 12% higher than in Chicago, Los Angeles, Philadelphia and Detroit. He figures that in the next ten years, "advertising agencies, banks...
With the talks going nowhere, China is preparing for the worst. The latest evidence of Peking's efforts to condition its huge populace to the possibility of war comes from two U.S. citizens who were seized by Chinese fishing junks last February while yachting between Hong Kong and Macao. Released last week, they told of seeing widespread roadblocks and military activity whenever they were shifted from place to place. From his shuttered room in a rural commune, Simeon Baldwin, Hong Kong-based manager of an aircraft-parts firm, said that he could hear the local army units at bayonet...
THERE has always been an element of risk that Washington's efforts to control the worst inflation since the Korean War would tip the U.S. economy into a recession. The Administration's policy of gradual slowdown has been shaped to avoid any pronounced increase in unemployment. Though a few pessimists have been issuing warnings for several months, the danger of recession has generally seemed remote. Rather suddenly, the mood has shifted. In the privacy of executive suites, top bankers and corporate leaders have begun to voice their fears that the U.S. might be sliding into an economic slump that could...
Investors were depressed by the fading of the unrealistic Viet Nam peace hopes that they had held in the spring, and more recently by warnings of a forthcoming economic decline. The worst depressant in the market undoubtedly has been tight money. The market frequently falls before recessions and rises when they occur; thus a 1970 recession would not necessarily make stock prices fall further. But it will be hard for stocks to rally briskly until credit is eased. Economists generally expect that interest rates will taper off slightly?perhaps by 1% or a bit more?as production and demand slacken...