Word: shortly
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Dates: during 1970-1970
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...Being a beginner, it was natural that I should lean toward something I knew," she says. That means sensuality and films. So she asked 15 couturiers to create dresses capturing the personality of 20 film makers. Some of the results are nothing short of smashing, witness Emanuel Ungaro's idea of Andy Warhol: a floor-length cape punctured by hundreds of holes with plastic spheres swinging in the openings. Or from Lanvin, the dramatic Pier Paolo Pasolini creation: a black sweater that takes a breast-baring plunge to the waist, with bold-patterned Zouave pants. For the sensual part...
...Nursing-home care is poor. The report cites case after case in which homes were short-staffed-to a point where one home had only three people to cover an intensive-care floor of more than 50 patients. Those who are employed are often poorly trained for their jobs. As a result, many patients have waited hours for medical care. Cruelty to patients is also common, report Nader's Raiders, whose personal journals record instances in which elderly people have been abused by nursing personnel...
...wide variety of industries fell into serious trouble in 1970. Moviemakers struggled unsuccessfully to overcome the handicap of lower labor costs and government subsidies that have lured American producers overseas. About half of the films shown in the U.S. this year were foreign-made. Short of cash, many studios sold off valuable real estate, chopped production and consolidated offices. About 80% of the members of the Screen Actors Guild had no work. Quipped Bob Hope: "The only actor still working in California is Ronnie Reagan...
...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 by other companies that have spare cash to invest, a series of defaults could have spread financial shock waves throughout the U.S. business community...
...would lift the G.N.P. to $1.060 trillion. Beyond that, Nixon is aiming to go into the 1972 elections having achieved both reasonably full employment and reasonably stable prices. Almost all economists outside the President's immediate circle agree that such a feat is nearly impossible in such a short time...