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Word: second (lookup in dictionary) (lookup stats)
Dates: during 1970-1970
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Usage:

Married. Lee Remick, 35, Broadway and screen actress (Wait Until Dark, No Way to Treat a Lady), and William Gowans, 40, British film director; both for the second time; in a civil ceremony in London...

Author: /time Magazine | Title: Milestones: Dec. 28, 1970 | 12/28/1970 | See Source »

...Despite the tarnish that inflation placed on that achievement, President Nixon appeared for ceremonies at the Commerce Department's new gross national product clock-a brightly lit and buzzing electronic gadget that ticks off the nation's estimated economic growth at the rate of $2,000 a second. Said Nixon: "We hope to keep it moving, and perhaps move it faster in the years ahead...

Author: /time Magazine | Title: Business: 1970: The Year of the Hangover | 12/28/1970 | See Source »

Biggest Collapse. The second shattering event of 1970 was the biggest collapse in U.S. corporate history. On June 21 the Penn Central Transportation Co., owner of the nation's largest railroad, went bankrupt. The Penn Central had long been a victim of mismanagement and executive infighting, but it was pushed right off the tracks by its inability to refinance $152 million of its commercial paper. Such paper is a form of unsecured, short-term IOU. When money became difficult to borrow from banks, scores of corporations issued commercial paper to raise funds. Because such securities are usually bought...

Author: /time Magazine | Title: Business: 1970: The Year of the Hangover | 12/28/1970 | See Source »

...wells and other holes in the ground, tried to come to Cornfeld's rescue with a loan. Instead, King himself was caught in a money bind and ousted by his board. Keith Barish, 26, a financial whiz who had made Nassau's Gramco Management Ltd. the second-ranking offshore mutual fund complex, was also hit by a wave of fund redemptions that forced him to suspend some operations. Several big-thinking Texans were deflated. James Ling, whose merger magic had expanded a tiny electrical firm into a $3.75 billion conglomerate, Ling-Temco-Vought Inc., was deposed by nervous...

Author: /time Magazine | Title: Business: 1970: The Year of the Hangover | 12/28/1970 | See Source »

Though Shirley still makes movies, she is already well into another book, apparently to be more of the same. The first one shows that she has enough talent to start a second career...

Author: /time Magazine | Title: Books: Notable | 12/28/1970 | See Source »

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