Word: 70s
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Dates: during 1970-1979
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There is no mention whatever of the Supreme Court's 1973 decision that deprived our unborn of the right to life. Yet TIME'S Essay concludes with the remark that during the '70s "nothing disastrous is happening...
...Calm '70s...
...mentioned the '70s as being a time when "nothing disastrous is happening" [Dec. 25]. Have you never heard of "the calm before the storm...
...Board of Trade has added futures in U.S. Treasury bonds and the enticing "Ginnie Maes" (as the Government's National Mortgage Association certificates are blithely called). The Board of Trade is the nation's largest commodities exchange, a market that has become to the late '70s what the stock market used to be to the late '60s: a heady, go-go whirl that amounted to some $730 billion last year. Intones one Chicago broker: "This is the last bastion of pure capitalism in the world...
...present decade of fiscal woe began, most college leaders were wrapped in a hazy optimism. Enrollments were soaring, new buildings sprouted everywhere, and Ph.D.s were produced by the carload. As a result, the shocks of the '70s hit the schools like a scale8 earthquake. Says University of Chicago Sociologist Edward Shils: "We went mad over higher education. Giving every teen-ager an opportunity to go to college became a mark of American grandeur in the world. It was a silly delusion." Northwestern's Ellis puts it more simply: "We let ourselves get fat." Sound management principles were ignored...