Word: cuttingly
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Dates: during 1970-1979
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...settle for second best, though he once swore he never would. "Standby equipment," he contemptuously said of the vice presidency. "I don't think I'm cut out to be a No. 2 type of guy." He was not, but he served Gerald Ford loyally and, when the President decided his No. 2 would be a liability in winning the 1976 nomination, Rockefeller withdrew without a murmur of protest...
...first weeks of 1979. As a result, it seemed probable that M.F.N. status would be discussed further with China later this year, after visits to Peking on related trade matters by Treasury Secretary Michael Blumenthal and Commerce Secretary Juanita Kreps. Once China gained M.F.N. status, tariffs could be cut by as much...
...recent, harsher times, the Chinese were told to cut the holiday short and to avoid frivolity. This year, newspapers and radio stations urged them to have a good time, which was all the encouragement that they needed. Firecrackers began popping well in advance of the holiday. Shoppers thronged department stores and marketplaces. In the major cities they were able to choose from among 3,000 consumer items. Many had not been available before, ranging from enamelware to stretch socks...
...Reduced R. and D. In 1964, research and development spending accounted for 3% of the gross national product; last year the share was down to 2.2%. Some reasons: the Government has cut its support of R. and D. programs sharply with the end of the Viet Nam War and the de-emphasis of the space program; private universities have been in a financial squeeze; industry in an inflationary era has judged the payoff from R. and D. spending to be too long term and uncertain. The toll on productivity is hard to calculate, since it would have to be measured...
...policies being reviewed by ten different agencies and departments. Now, Sears notes, the 1978 ban on mandatory retirement at 65 leaves fewer job openings for other minorities. A good many businessmen would agree with Sears Chairman Edward Telling when he says that his suit is a needed effort "to cut through conflicting regulation and to force a clarification of irreconcilables...