Word: distressingly
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Dates: during 1970-1979
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...notes archly that little-noticed congressional hearings reveal that $1.3 billion in Food for Peace funds has been used for military purposes in the past 17 years. That sets Stone off against military assistance: "It encourages the effort to confront political and economic problems with force. It exacerbates economic distress by imposing the burden of large armies, and intensifies rebellion by repression." He scorns military-assistance teams trained specially to get involved in the life of the country where they are stationed: "This is a distant echo of the white man's burden, of our smug belief...
There were many other causes of business distress. While consumer demand for goods and services softened, U.S. labor's demands for more wages and fringes hardened. The nation lost more working time through strikes-60 million man-days-than in any year in the past decade. Major union contracts negotiated in the first nine months of 1970 called for annual increases averaging 10%. In a modern form of highway robbery, the militant Teamsters imposed a 15% increase, thus setting a target for the rest of organized labor. To head off what could have been a nation-paralyzing strike, Congress...
...economic problems, social and racial tensions aggravated businessmen's distress in 1970. Shoplifting has tripled since 1959. The trend alarms many merchants, who point out that pilferage now costs them-and their customers-2½? out of every dollar of sales. Insurance executives, defending themselves against the public outcry over mass cancellations of burglary and fire policies, argue that private companies can hardly be expected to absorb the cost of crime and urban violence...
Ripples from the Rates. Much of the financial distress has been alleviated since the Federal Reserve Board again began expanding the money supply. Since Arthur Burns took over as chairman in February, the board has fairly consistently increased the money supply at an annual rate of 5% or 6%. Because it usually takes six to nine months for changes in money policy to turn the economy around, the effects of ease have only recently been felt...
Each year, 50,000 U.S. infants die soon after birth-at least 25,000 of them from respiratory distress syndrome (RDS). Also called hyaline membrane disease, RDS is caused by the inability of an infant's lungs to extract oxygen from the air and pass carbon dioxide out of the body. Even when such babies (most of them premature) survive, they may suffer permanent brain damage...