Word: 1970s
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Dates: during 1970-1979
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Nobody is apt to look back on the 1970s as the good old days. The economy's most disruptive decade since the Great Depression has borne the stagflation contradiction of no growth amid rampaging inflation, the can't do trauma of receding productivity in the nation that was long the world's cornucopia, the reality of an energy shortage in the land of supposedly boundless resources, and the debauch of a dollar that once was "as good as gold...
...economy and how to start fixing it. These academics, still in their 30s or early 40s, admit to many more questions than answers and are sometimes unfairly dismissed by their more traditionalist colleagues as "N.C.s" (Neanderthal Conservatives). Hardly Neanderthal, they are instead moderate, pragmatic economists of the late 1970s who are bringing fresh air, and fresh hope, to the dismal science. Says Rudolph Penner, head of tax-policy studies at the American Enterprise Institute: "The exciting ideas are now coming from the under-40 crowd, and they are saying that Government is not efficient...
...sound like one of those boosteristic burgs that Sinclair Lewis used to deride. There was a day when New York City was so smug, haughty and complacent about its firstness that Author Irvin Cobb thought the place possessed "absolutely not a trace of local pride." Yet in the 1970s, the Big Apple, as the city now cutely calls itself, has been larding the air waves so much with a treacly, self-addressed valentine of a song ("I love New Yorrrrrrrrrrk!") that even a tone-deaf statistician might wonder how all the fleeing industries and corporate headquarters failed...
...crisis are old and deep. In the 1960s, under Chairman Lynn Townsend, Chrysler glanced jealously at the worldwide power of both GM and Ford and tried to emulate them by expanding rapidly at home and abroad. The forced growth was ill-timed, haphazard and too fast. Chrysler entered the 1970s lacking the financial resources to weather three recessions, two oil crises and an enormous wave of environment, safety and fuel-economy regulations...
...every successful pregnancy. Dr. Kourken Bedirian, a Canadian physiologist who has pioneered the transfer of cow embryos, says that the success rate has averaged more than 60%. About 10,000 transferred calves have been born since the process moved from the lab to the barn in the early 1970s, and the procedure is rapidly spreading in the U.S. and Canada. For Bossie, motherhood will never be quite the same again...