Word: dialing
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Dates: during 1970-1979
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Change in Psychology. Most of 1970's economic headaches, however, were caused by the deliberate action of Government. In its belated battle to control inflation, the Federal Reserve Board had set its monetary dial at "full stop" in mid-1969. Between then and February of this year, the board squeezed the nation's money supply so severely that it rose at an annual rate of only .2%. The effect was to throttle bank lending, drive interest rates to their highest level since the Civil War, and ultimately to slow down business in general...
Chandler also opened a "Captain's Hotline" through which any sailor can dial C-A-P-T (2-2-7-8) at any hour to record a beef. Chandler answers each one in the base newspaper. The line has averaged 80 calls a week, ranging from complaints about cockroaches in the barracks to poorly cooked hamburgers at mess. When one caller suggested that men be able to check in from leave by telephone, Chandler's answer was one word: "Approved." The line has worked so well that Chandler talked his wife Marjorie into answering calls from women on a line...
Lately there is a new symbol of status. Free of charge, Washington's C & P Telephone Co. has installed ten of its still experimental "picturephones" in the offices of the highest presidential advisers. The gadgets, small TV sets attached to the telephone, allow the presidential elite to dial-in one another's images as well as voices-not that any one of them is likely to forget what the others look like...
...many a visiting businessman, it was the best thing Rome had to offer. As early as 7:30 in the morning he could dial a particular phone number and ask, "Can I come for a coffee?" The reply was usually, "Yes. We make it good and for all tastes." Then he would go to one of seven luxury apartments, where his "coffee" would be waiting with plenty of sugar-in the form of a high-class call girl...
BRILL AMONG THE RUINS by Vance Bourjaily. 354 pages. Dial...