Word: 1960s
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Economists point out that the Digital Revolution has not yet been reflected in productivity statistics. The annual growth of nonfarm productivity during the 1980s and 1990s has averaged about 1%, in contrast to almost 3% in the 1960s. But that may be changing. During the past year, productivity grew about 2.5%. And in the most recent quarter the rate was more than...
...meekly offered a biannual budget that, at $2.532 billion, is even lower than Republicans in Congress had demanded. Meanwhile, Jesse Helms is no closer to allowing payment of a cent of the $1.3 billion U.S. arrears. No wonder the Europeans got upset. This is what was known in the 1960s as "delinquent diplomacy." Back then it was much frowned on by Washington, who publicly lambasted the Soviets for practicing it. It's ironic they should now receive the same scolding themselves. How the mighty have fallen ? into debt...
...this year's State of the Union speech. And, Penn also found, they were "quite open to taking another look at race in America." So he suggested creating a second Kerner Commission, the quasi-independent body appointed by President Johnson to investigate the ghetto riots of the late 1960s. It produced the oft-quoted line about America's being "two societies, one black, one white, separate and unequal." But it also called for creating 2 million jobs and building 6 million housing units, not the kind of direction the fiscally conservative Clinton was likely to embrace. The White House instead...
DIED. WILLIE PASTRANO, 62, fleet-foot boxer whose nimble moves inspired Muhammad Ali; of cancer; in New Orleans. A chubby child who was the butt of many a schoolyard joke, Pastrano dropped the pounds--and his opponents--in the ring, becoming world light-heavyweight champion in the 1960s...
DIED. HAROLD ("Hal") LIPSET, 78, private eye who famously put a bug in a martini olive; in the town that avidly tracked his gumshoe doings, San Francisco. Founder of the World Association of Detectives, Lipset demonstrated his electrical know-how for a Senate subcommittee in the 1960s with that oft parodied olive. Duly impressed, Washington briefly hired him as a Watergate investigator...