Word: taking
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Dates: during 1970-1979
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...Though 70% of its cars are compacts and downsized models, vs. 50% of Ford's and 30% of GM's, small vehicles are the least profitable, and the company would have to boost output sharply to remain competitive. That would be a difficult step for Chrysler to take. Not only is it experiencing bottlenecks but the company also would have trouble borrowing money to expand production...
...hold. But Iran and Libya are urging OPEC to switch from dollars to a so-called basket of currencies, which presumably would include German marks, Swiss francs and other Western money, and a fight at next week's meeting seems likely. In the doubtful event that OPEC did take such a step, demand for those currencies would send their value soaring on money markets as the dollar plunged...
Saudi Arabia can no longer even hold down prices by threatening to flood the world market with crude, a tactic that Petroleum Minister Ahmed Zaki Yamani successfully employed as recently as late 1976. The key reason is that the Saudi fields are reaching maturity, and it would take years of work and billions of dollars in fresh investments to boost daily production of about 9.5 million bbl. by very much for any length of time...
...wiser, he argues, for companies not to hire so many people in good times and not to fire so many in bad times. Instead of dismissing them, perhaps the company could train them for other jobs, which they would get when business turned up again. Says he: "People take the punishment for your lack of planning. One wonders how these people react when they are hired and laid off so often. What do they tell their children? To whom are they loyal? Certainly not to the company...
...write, a very liberal opinion on race discrimination, just so that his critics cannot easily pigeonhole him as a conservative. He is certainly no leader. "On ocean liners," Justice Potter Stewart reportedly told clerks at one point, "they used to have two captains. One for show, to take the women to dinner. The other to pilot the ship safely. The chief is the show captain. All we need now is a real captain...