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Cyclical Roller Coaster. The 80-month U.S. boom reflects a climate of growth, but also stability. A notable measure of that stability was the willingness of the Ford Motor Co. last month to guarantee up to 95% of the annual wages of workers in what has historically been an unstable, layoff-prone industry. Since 1834, the U.S. economy has ridden the cyclical roller coaster through 31 booms and busts. Nobody is willing to predict that cyclical peaks and troughs can entirely be eliminated. But many economists are convinced that with prudent and prompt cooperation between business and Government, business...

Author: /time Magazine | Title: The Economy: Milestones to the Future | 11/10/1967 | See Source »

...spins out a contemplative opening cadenza, progresses to some pizzicato syncopations, then, over the pitty-pat of tabla (drums), skips and slides through a series of jaunty embellishments on the theme. On the second, he and Shankar engage in a long, rousing call-and-response pattern and a roller-coaster ensemble of rising and falling arpeggios, which leads, over steadily accelerating rhythms, to a climax of rhapsodic abandon...

Author: /time Magazine | Title: Recordings: Raves for Ravi & Yehudi | 8/4/1967 | See Source »

...most fans the dogs are the least important aspect of a night at the track. Greyhound racing is a participation sport, not a spectator sport, and the participation involves risking a valued belonging. Betting puts an edge on life, brings a vividness costlier than a roller-coaster ride. But why is its thrill worth the money thrown away for it? Less than 28 per cent of the $500,000 bet each night is winning money. But the fans keep coming back, and even though the percentages are against them, they go right on betting...

Author: By Anne DE Saint phalle, | Title: A NIGHT AT THE DOGS | 7/11/1967 | See Source »

Dirty British coaster with a salt-caked smoke stack...

Author: /time Magazine | Title: Great Britain: Piping Down | 5/19/1967 | See Source »

...minute egg timers. Yet Missouri's largest employer spends lavishly where it counts: on new technology. Since the company's birth, McDonnell has poured 83% of its profits into research and expansion. For his reward, he has earned the steadiest profit rise of any major company in a roller-coaster business where losses come easily and disaster often. McDonnell's net income has climbed every year since 1951; last fiscal year it reached $43.2 million, 35% above the year before. So far this year profits have jumped by another 30%. A mere $2,000 invested in McDonnell when the company...

Author: /time Magazine | Title: Aerospace: Mr. Mac & His Team | 3/31/1967 | See Source »

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