Word: stocks
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Dates: during 1970-1970
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Entitled "Paper Profits," the C.E.P. report is as dry and statistic laden as a stock prospectus. It notes that the paper industry has been generally slow to install antipollution devices and processes, despite their ready availability. Owens-Illinois and Weyerhaeuser are important exceptions; both companies clean up most of their plants' effluents. Less than half of the 131 mills surveyed have satisfactory air-pollution controls; many dump raw wastes into U.S. waterways. According to the report, St. Regis, Potlatch and Diamond International have particularly poor records...
...First, stock prices plummeted. From Jan. 1 to May 26, which was the blackest day of the bear market, the Dow-Jones industrial average sank from 800 to an eight-year low of 631. During that period alone, the paper loss for securities listed on the New York Stock Exchange was $113 billion, and the nation's 31 million investors lost an average of $3,645 each. The losses were even more severe for stocks on the American Stock Exchange and on the over-the-counter market. The latter came close to collapse for many days during the late...
When the two robbers entered a liquor store in Oakland, Calif., they did not see Linda West, wife of the owner, who was standing on a ladder checking the stock. As she watched. John Smith started waving a gun at her husband, and James Daniels nervously warned, "Don't move or we'll have an execution right here." Mrs. West calmly drew the pistol she was carrying and started shooting. Smith was killed, Daniels badly wounded...
Some Alaskans talk about their guns the way stock-car racing buffs talk about their cars. But it's nothing to wonder at, because hunting is a major recreation for Alaskans, as well as a means of getting food for many. If some Alaskans like to carry their rifles hung in the back windows of their pick-up trucks even when it's not hunting season, it's not so much a demonstration of militance as of the kind of spirit that prompted one Alaskan candidate in this fall's elections to pass out bumper stickers with the legend...
...April 1969, when the Administration was just setting out to fight inflation, the consumer price index was rising at an alarming rate of 7.2% a year. As a result of purposeful policies of slowdown since then, the nation's factories have been forced to pare production 5½%, and stock and bond markets have shuddered through their worst crisis in three decades. The jobless rate, which was 3.5% then, jumped last week to 5.8% as the November figures were issued?the highest monthly level since 1963. All together, 4,600,000 Americans are out of work, and 21% of the people...