Word: 70s
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Dates: during 1970-1979
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...that Keynesian economics had given governments the tools to control inflation and recession and keep business rising constantly. Recalls Arnold Bernhard, president of the Value Line Funds: "In the '60s stocks were bought on the assumption that growth would go on for ever." The economy of the '70s has been dominated by inflation, recession and fears of energy shortages, all adding up to that worst of stock market poisons-uncertainty. Complains David Grove, a member of the TIME Board of Economists: "Businessmen and consumers can't really make rational decisions as easily as they could...
...happy day of love-making sometime in the late '60s--plucked out of the past to provide a relief from the tension that had been building in the book. And the last few pages relate an encounter Mee had with Arnold Toynbee, the British historian, in the early '70s. At the meeting, Mee put forth his elaborate theories about the course of Western civilization, but Toynbee apparently dozed through the tirade and didn't catch a word. Mee certainly doesn't take himself too seriously...
...laden with an adversary image difficult to dispel, explaining that when he started thinking about being a dean, "no one used the term 'The Administration'--deans were individual people, not members of a party--I liked the work the best of them did. Then the late '60s and early '70s came along and 'The Administration' was the other party. But it was too late...
...became disillusioned. But the energies of the young during the "60s made Americans begin to think about their environment, about the poor, about the purposes of progress. One of the most enduring products of the decade could be women's liberation. Because of the '60s, the '70s are quite different from the '50s-despite some similarities of quiet and self-absorption...
Texaco in return for that company's promise to charter two even larger Onassis ships at a later date. Most important, Christina is bringing new blood into a firm long dominated by sawy-but-aging Onassis advisers in their 60s and 70s. In June she hired Louis Anderson, 48, a Greek American who had run Exxon's marine operations since 1970, to boss Olympic Maritime S.A., the Onassis fleet's operational brain center, which is headquartered in a three-story building in Monte Carlo...