Word: currently
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Dates: during 1970-1979
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There is much to be said for the widely held thesis that the U.S. will be gripped by both stagnant growth and roaring inflation through the next decade. This could be the grim legacy of the profligate, overregulated 1970s. In the current indulgent decade, the U.S. has spent too much and saved too little. It has spent too much of its wealth on immediate gratification and too little on investment for the future, too much on Government uses and not enough on private uses, too much on easy imports of energy from afar and not enough on hard-slogging development...
Robert Nathan, 70, economic consultant, Washington. Nathan believes that "stocks and bonds are for the birds under current economic conditions. They are not adequate hedges against inflation. Land is the best." For investors who need income, Nathan suggests buying "real property-apartments, office buildings, things that offer a reasonable return and good appreciation." His own investments have been in farm land; one 270-acre spread in Maryland has quintupled in value in the 15 years that Nathan has had an interest...
...orchestra of chemical voices in our heads," predicts Arnold Mandell, professor of psychiatry at the University of California at San Diego. "Psychiatry will become the most scientifically precise of medical specialties, relying not at all on subjective judgment." Jack Barchas, professor of psychopharmacology at Stanford, thinks the current exploits of his field are on a par with Einstein's revolutionary formulation E = mc˛. Says he: "The discovery of the neuroregulators may prove as important to humanity as that equation. We are on the edge of a new era." Also a Brave New World of mind-controlling drugs. Before long, according...
...waste disposal. Government and industry spokesmen have long maintained that safeguarding nuclear wastes, which may remain radioactive for millenniums, was a straightforward and easily solved engineering problem. A report to President Carter released last week by a task force representing 14 agencies asserts that the matter is more complex. Current knowledge is adequate only for choosing potential dumping sites for further examination, the group said, not for certifying them as safe. Contending that it is unnecessary for the Energy Department to build a proposed experimental waste storage facility, the committee urged the U.S. to begin instead to seek sites...
Arkansas Governor William Clinton has proposed an increase of 14% for teachers, contending that the raise is completely justified because teacher salaries in his state (current average: $11,146) are among the very lowest in the nation. Louisiana Governor Edwin Edwards says that he will seek a 10% increase for all state employees...