Word: 1960s
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Dates: during 1980-1989
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...began losing physical control of its telecommunications in the 1960s, when more and more began to be transmitted through the air waves rather than through cables. AT&T currently estimates that it uses satellites or microwave towers for 70% of its domestic traffic and 60% of its traffic abroad. Both forms of atmospheric transmission are easily interceptible on Soviet listening equipment that is doubtless installed in the U.S.S.R.'s diplomatic properties in the U.S. and elsewhere. The Kremlin's listening post in Cuba, for example, can pick up virtually all traffic from U.S. domestic communication satellites. Says...
...Lexington, Mass., consulting firm, predicts that G.N.P growth will slow to a 1% pace by the middle of 1985, but then pick up again. For all of next year, Data Resources expects growth to average 2.7%. That is lower than the 4%-to-6% range often achieved in the 1960s and '70s, but many economists think that policymakers should shoot for a slow, steady 3% pace to guard against inflationary pressures...
...congressional changes in the tax code. In most cases legislators designed the rate reductions for such well-intended' purposes as spurring investment, helping struggling industries or boosting jobs. The overall effect has been to shrink the corporate contribution to federal revenue from more than 20% in the 1960s to 6% last year, leading critics to complain that individuals are now bearing a disproportionate share of the federal tax burden. Not all companies have benefited equally, however. Whirlpool for example, paid out 45.6% of its profits in taxes over the past three years, indicating that it received almost...
During the late 1960s and early '70s, the copper stills of Scotland worked overtime to satisfy the fast-growing taste for the country's malt whisky. The industry grew to employ 25,000 workers, and Scotch ranked as Britain's fifth-biggest export. But after peaking in 1978 at sales of $2.5 billion, Scotch has gone on the rocks. In a report issued last week' Britain's National Economic Development Office stated that distillers are working at about 50% of capacity and that industry employment has fallen by about...
...rest of the songs, led by Hal Shows's twangy guitar licks, are hard-edged rockers, firmly molded in traditional American rock'n roll (note, for instance, the main riff in "Kate Lit a Fire.") Although parts of the songs might sound like country rock, 1950s rock or ever 1960s psychedelic (the slightly distorted vocals in "Race Wars"), Persian Gulf is impossible to pigeonhole. Their music goes beyond its influences; they have their own unique sensibility...