Word: dollar
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Dates: during 1970-1979
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Suddenly, all the old rancorous controversies of the Watergate era came back to life. High crimes and misdemeanors were charged and denied. Reporters scrambled for inside tips, and there were rumors of stolen documents, violated contracts and million-dollar damages...
...these deductions are based on the theory of biorhythm, the fast-growing pseudoscience that is more fun than astrology and not as messy as reading chicken entrails. Biorhythm is now a multimillion-dollar-a-year business, serving more than a million believers in the U.S. The word is spread in books, newsletters, a syndicated column and shopping-mall computers that churn out daily charts for 50?. There is a biorhythm service predicting the results of professional football games ($99 a season), and several dozen companies supply computerized charts and such biorhythm hardware as calculator watches ($169) and a Biocom desk...
...last week by Chancellor Helmut Schmidt about the U.S.'s economic "sins." Among the most grievous cited by Schmidt: the absence of a coherent energy program; the U.S.'s huge foreign trade deficit, which stimulates international inflation; and Washington's unconscionable failure to support the sagging dollar...
What has gone wrong? A major hand-.cap is the strength of the German mark, which gained 25% in value against the dollar during the past two years. That makes German goods dearer on the world market and cuts into corporate profits. The steel industry has been hurt by Japanese competitors, and the textile industry finds itself priced out of many traditional overseas markets. One consequence: capital investment is drying...
...scrambling to snatch away their competitors' best engineers and designers. Says President Jerry Sanders of Advanced Micro Devices: "All a guy has to do here if he wants to change jobs is drive down the same street in the morning and turn in a different driveway." As billion-dollar chip makers like Texas Instruments and Motorola, which are based elsewhere, throw more of their weight into the fray, the smaller companies of the valley may ultimately be forced either to merge or sell out to larger firms. That could endanger the vitality of the valley. Explains Sanders: "This industry...