Word: slides
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Dates: during 1970-1979
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That morning I had found a note and a road map tacked to the door of a house in Black Mountain, N.C., where some friends of mine lived, a note which said "We've gone to Sliding Rock. Come!" with directions. Those directions had ended me up in this pick-up, and just around the corner was "my river," where Sliding Rock was. I had seen the gleam of contentment on the faces of those who knew about Sliding Rock before--to people who live in the mountains the Rock is what a mud slide is to otters...
...boom has already wiped outmost vestiges of the deep downturn that hit the industry about the time of the Arab oil embargo in late 1973. At the bottom of the slide early last year, about one-fifth of the industry's work force-some 273,000 assemblers, draftsmen, accountants, middle managers -were out of work. Now auto joblessness is down to 30,000 and still dropping. Even so, the industry cannot produce the most popular models fast enough to satisfy demand. Inventories that for some makes hit a 150-day supply in early 1975 are now down...
...erratic fluctuation." That view may be overly sanguine, but there was indeed no evidence, for the moment at any rate, of a massive flight from sterling. Yet the sudden plunge left no doubt about just how vulnerable the buffeted pound is to the gusts of the marketplace. The slide was touched off when Swiss banks, anticipating new import controls on foreign capital moving into Switzerland, converted sterling into the solid security of Swiss francs. Even this light selling wave was enough to tip the pound into its tailspin. Said one London currency dealer gloomily: "It's not so much...
...brake sterling's slide through March and April, the Bank of England used up $2 billion in reserves, then borrowed from the International Monetary Fund in May. Almost certainly, further borrowings would only be available in return for a program of stringent cuts in government spending. Yet spending cuts would jeopardize the key element in the Labor government's strategy to pull Britain back from its economic abyss: an agreement by the leadership of the Trades Union Congress to hold wage increases to 4½% ($4.61 on an average worker's salary) beginning Aug. 1 (TIME...
...pages of The Crimson. We do not care what people think about Southwestern after they have heard the facts. The important thing is that they be allowed to decide for themselves based on the facts, and not on the basis of articles so slanted that they should slide off the front page and onto the editorial page of the paper. Responsible journalism would seem to indicate that objective news stories should be just that--not presentations that imply what is not true...