Word: digitals
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Dates: during 1970-1979
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...multiple-digit statistics simply confirm what the smell of fat frying across the land has long made clear. Americans in massive numbers daily ignore the hand-wringing of nutritionists, the sneers of gourmets and the prickings of their own consciences. For them, fast food takes the worry out of being hungry. A first visit to an outlet of an unfamiliar chain may cause some anxiety and confusion; dazzling permutations on the basic hamburger, bearing odd, hyped-up names, take some time to master, much less understand. But a snack that hits the spot on one day is likely...
...fiscal pump priming by tightening up sharply on credit. In recent weeks the Federal Reserve has indeed begun raising short-term interest rates-to try to rein in what it considers an overly rapid growth in the money supply now that inflation is bumping back up to double-digit levels. The Federal Reserve's move toward tighter credit, while welcomed by businessmen who share Burns' concern about inflation, helped to dash hopes of a spring rally in the stock market. Having worried down steadily from its close of 1004.65 last Dec. 31, the Dow Jones industrial average dropped...
...services that began at the start of the year continued in April, when the consumer price index kicked up nearly 1%, to a compound annual rate of 10%. It was the third month this year in which the zigzagging inflation rate has hovered at or close to the double-digit level. The main cause, as in January and February, was increases in the cost of food (the largest single rise: ground coffee, up 13%). Because food supplies generally are expanding, experts believe that the current bulge in food prices has passed and that increases during the rest of the year...
There was one ominous item in Carter's news: U.S. wholesale prices in April rose at an annual rate of 14%, the third straight month of double-digit figures. That trend could be aggravated by rising steel costs, as two producers, Republic and Youngstown, raised prices 6.8% to 8.8% on many products. Otherwise, all signals were go. Unemployment dropped to 7% in April; that is the lowest figure in 29 months. Treasury Secretary Michael Blumenthal estimates that U.S. GNP will rise 7% in the second quarter, v. 5.2% in the first. U.S. auto sales in April climbed 12.5% above...
...Since then beepers have spread like electronic calculators-from some 33,500 in 1965 to an estimated 800,000 today, with production still growing at about 18% a year. About 500 U.S. companies now either manufacture beepers or operate beeper networks. In most systems, the caller dials a seven-digit number that feeds into a central computer. There the number is translated into a coded radio signal and fed by phone lines to a radio transmitter that sends the beep to the designated pocket receiver...