Word: americans
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Dates: during 1970-1979
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...Bruce van Voorst, 47, and Roland Flamini, 45. Abol Ghassam Sadegh, director general for the foreign press in the Ministry of National Guidance, denounced TIME for "one-sided and biased" coverage. Said he: "Since the hostage problem, the magazine has done nothing but help arouse the hatred of the American people toward Iran." One example he cited was TIME'S use on its cover of Khomeini's quote: "America is the great Satan." Sadegh admitted that Khomeini had made the statement but charged that TIME had taken it out of context...
Hunter College Professor John G. Stoessinger in his book Crusaders & Pragmatists focused attention earlier this year on "the human element in American foreign policy." He was back last week pointing out that "the President holds our future in his hands. His personality may be our destiny...
...projected increases are expected to raise the nation's oil import bill from about $62 billion this year to more than $83 billion, representing a rise in fuel costs of $80 for every American citizen. The increase, said Energy Secretary Charles Duncan, could add from 4? to 8? to the retail price of a gallon of gasoline in the coming weeks, and 3? to 7? to the cost of home heating oil, a major expense for consumers in the import-dependent Northeast. Several of the largest oil companies, including Exxon, Mobil, Chevron and Texaco, last week announced wholesale gasoline...
...inflation, added Okun. He estimates that "if all payrolls were indexed instead of the roughly 15% that are now, the consumer price index would have risen more than 20%, not 13%." Inflation is only one consequence of increasing energy costs, said Economist Murray Weidenbaum, a visiting scholar at the American Enterprise Institute. He believes that U.S. industry's reasonably successful drive to restrict energy consumption may be hurting productivity because companies are reducing the use of energy-gulping machines...
They spent even though real personal income declined. Americans fought against the shrinking of their incomes in three ways: they sent more and more spouses to work; they drew 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...