Word: 1940s
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Dates: during 1970-1979
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Both candidates committed some gaffes. Carter placed the Great Depression in "the 1940s," once slipped into referring to "Mr. Nixon" when he meant and corrected himself to say, "Mr. Ford." More substantively, Carter was wrong in claiming that there are fewer people employed in nonfarm private jobs than when Ford took office; there has been an increase of some 1.8 million. Carter also erred in claiming, "We've got the highest inflation we've had in 25 years right now." The inflation rate was higher earlier in Ford's presidency, in 1974. Trying to correct the use of "now," Carter...
...1940s, when the United States was frantically racing against Hitler to develop the atomic bomb, there was no time to discuss the relative merits of nuclear power. The current situation is far different--there is time to discuss and evaluate. Harvard could even have asked the federal government to establish an agency for research, or set up debates on a national level. But instead the University will go ahead and build without ever once having its policy-makers think deeply about the long-term consequences...
...Depression and World War II in order to reach maturity-and then took a long, deep breath because the worst simply had to be behind. Didn't it? The book is also the curiously touching will and testament of a last liberal, predicated on hopes for that 1940s happy ending, a better world, but steadily haunted by intuitions that this...
...Mafia-controlled union of stagehands to close down production unless the studios paid up. Even so, the dapper, debonair Roselli remained a luminary of sorts in Hollywood. He married a starlet, got a piece of two nightclubs, and helped produce two crime films in the late 1940s, Canyon City and He Walked by Night. Says a producer who knew him at the time...
Baby Boom. Until recently there was a torrent of young Japanese flowing into the work force-the product of the "baby boom" of the late 1940s and early 1950s. But because the yearly birth rate has subsequently dropped by 50%, the bulk of today's labor force is aging rapidly. In 1970, working males in the 45 to 64 age group accounted for 26.8% of the total. By 1980 the same group will form 33.9%. Since the lifetime employment system rewards seniority, labor costs must rise as the proportion of older workers grows-a worrisome prospect in a heavily...