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...Department's index of leading economic indicators fell 0.2% in December, the third monthly decline in a row. Industrial production has been dropping since last July. At the same time, rising costs continue to push prices higher. Wholesale prices rose at an 8.4% annual rate last month, the sharpest climb since July; processed foods provided the biggest part of the increase. So far this year, steel prices have been raised on two-thirds of the industry's product mix by amounts ranging from 3% to 6%. U.S. industry's costs are likely to continue rising, partly because...

Author: /time Magazine | Title: Business: The Bears Take Over the Stock Market | 2/9/1970 | See Source »

...best measured not by the devotion of his followers?though that can be extreme?but by the extent to which his ideas have altered the thinking of his opponents. The mixture of supreme self-confidence and good-humored needling expresses the personality that makes some of Friedman's sharpest critics consider themselves close personal friends. One admirer, Labor Secretary George Shultz, quotes a former colleague at the University of Chicago as saying: "I wish I were as sure of anything as Milton is about everything...

Author: /time Magazine | Title: Business: The Intellectual Provocateur | 12/19/1969 | See Source »

...sharpest break yet with its Gaullist heritage, the government of President Georges Pompidou has just decided to build atomic power stations based on American technology. The government will ask for bids from interested companies and make its decision this spring. The new plants will burn enriched uranium, which is highly fissionable and relatively cheap to use. Almost all of the Western world's enriched uranium is produced in gaseous-diffusion plants owned by the U.S. Atomic Energy Commission. For a time, at least, France would become dependent on U.S. fuel. The government announcement angered French atomic workers, who face...

Author: /time Magazine | Title: Nuclear Power: France Buries Its Pride | 11/28/1969 | See Source »

...worth of currencies. Since, last month's upward revaluation of the West German mark, gold has dropped abruptly. From an early October level of $41.20 an oz., the price in London sank last week to as low as $37.75 an oz. The price break was the sharpest since private gold trading was freed from the $35-an-oz. official price of the metal in March...

Author: /time Magazine | Title: Money: Bullion Break | 11/21/1969 | See Source »

During pre-season practice this year, MacBean, a senior who played tailback in the old single-wing, beat out letterman Arnie Holtberg and sophomore Rod Plummer for the job, and soon established himself as one of the Ivy League's sharpest signal-callers...

Author: NO WRITER ATTRIBUTED | Title: Tiger Quarterback Scott MacBean Likes The 'T' | 11/8/1969 | See Source »

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