Word: 1970s
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Dates: during 1970-1979
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...down their personal savings; and they plunged more deeply into debt. But these defenses are rapidly being exhausted. Fully 60% of all U.S. women aged 20 to 64 hold paying jobs; not many more housewives are in a position to go to work. Savings have declined since the early 1970s from 7.4% of income to a modern low of 4.3%. Consumer installment credit has surged from $210.8 billion in 1974 to $369.3 billion in the third quarter of 1979. In brief, the American consumer will soon be forced to reduce his spending, and this will be a mainspring...
...flood of undiscriminating investment capital that flows toward art these days may yet produce a crisis analogous to the one that nearly sank the Bordeaux wine industry in the early 1970s. A surge of investment in Bordeaux vintages, to some extent by people who could not tell Medoc from camels' urine, shoved prices so high that traditional consumers of claret switched to Italian and other wines, thus tearing the bottom out of the market...
...Shah's oil revenues soared from just over $1 billion a year at the beginning of the decade to $21 billion by the late 1970s. That enabled him to buy nuclear reactors from France and Germany, steel mills from the Soviet Union, telecommunications systems from the U.S. In the mid ' 70s, the growth rate of the Iranian economy shot up to an unbelievable 41% per year. The Shah further set out to build one of the world's foremost military machines, and in the last 20 years of his reign spent a cool $36 billion on arms...
...torn apart, and the bones jutted out. There were multiple fractures." The agents, he says, also held a knife to his throat for hours, making small nicks and telling him to guess "when the blade might go all the way down and sever my head." Amnesty International in the 1970s described other methods of torture: electric shock, burning on a heated metal grill, and the insertion of bottles and hot eggs into the anus. Last spring Anne Burley, an Amnesty International researcher, was shown by the government a SAVAK file that she deems authentic, containing pictures of victims...
...pollution- be undertaken in the Great Lakes basin. (Canada already takes natural gas from Lake Erie.) These problems are not insoluble, but they will require a subtlety of technology and policy quite different from the massive input of dollars that cured many of the lakes' ills during the 1970s. "Basically I'm optimistic," says Robert Boden of the EPA's Great Lakes National Program Office. "We are reaching a state of finetuning of the Great Lakes ecosystem...