Word: ago
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Dates: during 1970-1970
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...them in the pocketbook. Many Americans seem to prefer cleaner air to an extra dollar of dividend income." Alice Tepper does not pretend to be a pollution expert; she does know how to organize experts who can examine corporate performance. She first got interested in such problems two years ago while working as a securities analyst in a Boston investment firm. A local synagogue requested a portfolio of stocks in companies with minimal defense contracts. After other investors-mainly religious groups-expressed interest in getting similar information, Alice recalls, "I started thinking of how to expand to cover other social...
Everywhere last week, or so it seemed, music was celebrating the birth of one of its mightiest titans 200 years ago on an upper floor of Bonngasse 515, Bonn. New productions of Fidelio were unveiled at Stockholm's Royal Opera and New York's Metropolitan. Bonn capped months of festivities with the Missa solemnis. In Tokyo, where Beethoven is a rapture-inducing favorite, the Ninth Symphony was done twice in one day. In Los Angeles, Zubin Mehta, the Los Angeles Philharmonic and a phalanx of friends staged a twelve-hour Beethoven marathon. And in honor...
...severe for stocks on the American Stock Exchange and on the over-the-counter market. The latter came close to collapse for many days during the late spring. Since then, the stock market has rebounded, though many faded glamour stocks remain 70% below their highs of a few years ago. The Dow-Jones average closed last week at 823, far down from its alltime high of 995 in February...
Nixon has tried redefining his targets to make victory easier. A year ago, his closest economic aides said that they were aiming to reduce the rate of inflation to 14% or 2% by the end of 1971. Now they say that 3%, or perhaps a bit more, would represent price stability. Until lately, Administration officers have defined "full employment" as a 4% rate of joblessness. Recently they began talking of getting down to "the 4% zone," and at his last press conference, Nixon implied that anything "lower than 5%" would be a commendable showing...
Then there is the question of the money supply. In his speech to the National Association of Manufacturers three weeks ago, the President said that Burns had given him a "commitment" that the Federal Reserve Board would "provide fully for the increasing monetary needs of an expanding economy." The following week. Burns, in a typically Delphic passage in a speech, left policywatchers guessing as to whether any such deal had been struck. Most common guess: no. Besides, Burns is only primus inter pares on the Reserve's twelve-man Open Market Committee, which regulates the money flow. A number...