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...happened? For one thing, there was a lot of "water" in the capital-goods backlog-excess orders spread among several suppliers by companies merely waiting to see who would deliver first. Then came the coal strike and the disastrous auto sales figures from Detroit; says Michael Evans, president of Chase Econometrics Associates, a Manhattan forecasting firm: "All the water got squeezed out of the order numbers. Then everyone panicked and cut some more." Prospects for the year ahead are for more cutting. Depending on which forecast is used, real business spending is expected to drift down...

Author: /time Magazine | Title: INVESTMENT: Cutting Back the Orders | 12/30/1974 | See Source »

MIDNIGHT is A PLACE. 287 pages. Viking. $6.95. ARABEL'S RAVEN. 118 pages. Doubleday. $4.95. Both by Joan Aiken. The author of that incomparable melodrama The Wolves of Willoughby Chase has two remarkably different books out this year, both splendid. Midnight Is a Place is a savage yet romantic tale about what befalls a boy and girl, suddenly homeless and penniless, in a terrifyingly real and at the same time satisfyingly imaginary industrial city in 19th century Britain. This smoke-filled place is appropriately called Blastburn. Among other chores for survival, the girl collects cigar butts from gutters...

Author: /time Magazine | Title: Books: A Children's Sampler | 12/23/1974 | See Source »

...reader who is soon lost in comic-strip chronicles marked by great wit, suspense and true humor rising both from character and from a remarkably sophisticated view of the world. These four books variously send Tintin, Haddock, Snowy and two idiot detectives in black bowlers into the desert to chase opium smugglers, into central Europe to try to keep King Ottokar from losing the throne of Syldavia, back into history to recall the voyages of Haddock's pirate ancestor Red Rackham on the ship Unicorn, and, finally, down to the bottom of the Caribbean in a sharklike submarine after...

Author: /time Magazine | Title: Books: A Children's Sampler | 12/23/1974 | See Source »

...Chase N. Peterson '52, vice president for alumni affairs and development, explained yesterday that when Ward M. Canaday '07 agreed a year and a half ago to pay for the dormitory, only about half of the gift was delivered then in liquid assets and property...

Author: By Philip Weiss, | Title: Surplus From Running Canaday Will Help Offset Cost Overrun | 12/3/1974 | See Source »

Edwards quoted a member of the family, John D. (Jay) Rockefeller IV, about David Rockefeller, chairman of the Chase Manhattan Bank: "He may be the most powerful man in the country." Rocky replied that Jay also said, "Rockefellers always get their way." Jay, in fact, was defeated when he ran as the Democratic candidate for Governor of West Virginia in 1972. Pressured to ask other members of the Rockefeller family to reveal their financial holdings, Nelson said, hesitantly, that he would give...

Author: /time Magazine | Title: THE VICE PRESIDENCY: Making Friends in the House | 12/2/1974 | See Source »

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