Word: wiser
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Dates: during 1970-1979
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Gyllenhammar marvels that almost 11 million Americans have found jobs in the past three expansive years, but he worries that large legions are easily laid off when business turns down. It would be wiser, he argues, for companies not to hire so many people in good times and not to fire so many in bad times. Instead of dismissing them, perhaps the company could train them for other jobs, which they would get when business turned up again. Says he: "People take the punishment for your lack of planning. One wonders how these people react when they are hired...
...roundhouse threat was genuine, the danger was that OPEC'S big depositors would grow wary about the stability of the world's banking system, perhaps even calling into question the value of money itself. A number of OPEC nations might even decide that it was wiser to keep oil in the ground instead of pumping up so much of it in exchange for mere paper. At the moment that Banisadr was posturing, U.S. Treasury Secretary G. William Miller was jetting to Saudi Arabia, to try to persuade Persian Gulf leaders not to cut their oil production...
...corporate securities, a number of banks and cor porations would have to go broke before the typical money market investor would suffer much loss. He would not even lose, but his yields would go down, if interest rates declined. If they dropped far enough, he might have been wiser to invest in a long-term bank note. For example, a nine-year certificate of deposit now pays about 9%; that, of course, is less than most money market funds, but it is guaranteed for the longer term...
Freezing prices would only create shortages for everyone, because demand for the fuel would once again surge and the Government would wind up having to allocate supplies, just as with gasoline last summer. Washington would be wiser to quit looking for scapegoats and start enacting production-boosting programs that will bring more fuel of all sorts-solar, hydroelectric, synthetic and nuclear-to market, and at an affordable cost...
...quotes Anna Russell (crediting her here, though he fails to elsewhere)--"right back where you started," only it's taken four hours instead of 15 for the gods to pass on, the world to burn up, and the ring to return to its rightful owners. You aren't any wiser than when you started, and you certainly haven't experienced the catharsis Wagner assumed he would induce...