Word: year
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Dates: during 1960-1969
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...recording the rot of American TV might well include the tape of the Dec. 17 Tonight show. Within that dispiriting 90-minute reel were a cough-medicine commercial, Phyllis Diller's laugh, and the on-the-air wedding of Tiny Tim, the fortyish boy soprano, to his 17-year-old Miss Vicki Budinger...
Goodrich's profits have lagged behind those of its prime competitors. Last year the company earned only 3.9% on sales of $1.1 billion, compared with 6% for the industry's most profitable major operator, Firestone. After Northwest's takeover attempt, Keener, who was paid $240,000 last year, allotted each of the divisions a profit target and rigorously trimmed back on money-losing operations. Last week, six days before Christmas, Goodrich closed down a rubber footwear plant in Watertown, Mass-and with it went the jobs of 950 employees. In that case, the closing had been announced...
Company spokesmen contended that Kemper had no choice. To reduce its own risks, the company had passed on 75% of the $576 million policy to a pool of 15 other insurance firms. Because of growing vandalism in U.S. schools, which last year suffered $200 million in equipment damage, the pool decided against renewing the policy, even though Indianapolis itself has had little vandalism...
...hard hit by vandalism and racial turmoil, were forced to close for a day last October when Chicago's Continental Casualty Co. refused to renew coverage. Elsewhere, premium rates are rapidly inflating. Atlanta's school fire insurance costs rose from $60,000 to $200,000 last year. Nolan E. Allen, business manager of the Indianapolis school system, wonders about the reasoning behind insurance. "A company says that it wants to take care of you when there is a risk," he muses. "But when you do have a risk, it says goodbye...
...income and occupancy taxes, as well as office rents of up to $15 a square foot in midtown Manhattan v. $7 in the suburbs. Clerical workers commonly put in only 35 hours a week in Manhattan v. 40 in some nearby towns, and their turnover rate averages 34% a year, against 15% in Stamford, Conn. Worst of all, Yaseen reports, it is becoming almost impossible to attract middle-level executives to New York, because living costs average 40% higher than in, say, Dallas or Nashville and 12% higher than in Chicago, Los Angeles, Philadelphia and Detroit. He figures that...