Word: criterion
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Dates: during 1970-1979
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McKay had to wait 45 years before he acceded to the presidency; seniority among the Apostles has been a traditional criterion for presidential selection. In the meantime, he addressed himself assiduously to church work, rising daily at 4 a.m. for a period of contemplation before striding over to the church offices. A 13-month, 63,000-mile tour of mission territories in the late 1920s set the pattern of his global thinking; terms as Counselor to two successive Mormon presidents, Heber J. Grant and George Albert Smith, brought him more and more into top-level decisions. When Smith died...
...Communist economy, the reforms were radical. As originally proposed by Economist Yevsey Liberman, they amounted to a quarter-turn toward concepts of free enterprise. Factories were to be rated not only on the quantity of goods they produced but also on the capitalist criterion of profit: return on invested capital. Factory managers were to have more freedom to decide what to produce, and to make contracts directly with buyers and suppliers. Managers were to be encouraged to dismiss unneeded workers...