Word: eras
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Dates: during 1970-1979
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...first time, it also cut the price of power throughout the valley by two thirds, by serving as a yardstick against which the public could judge the prices charged by private utility companies. The yardstick idea was one of the most successful, but least imitated innovations of the era...
...Productivity, the CEA pointed out in the report, has not recovered during the past two years of expansion. In fact, productivity throughout the private economy rose only 1.6% in 1977 and a miserable .4% last year. Indeed, the report pessimistically suggests that the U.S. may be entering a new era in which productivity growth for many years will average no more than...
...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 in inventions not made and labor-saving processes not developed, but it surely has been high...
...strategies were adopted overnight, speeding up productivity might well take a discouragingly long time. The '70s lag in investment and R. and D., in particular, will go on harming productivity well into the '80s. But the effort must be started. A long period of sluggish productivity would mean an era of slow growth, little or no rise in living standards, persistent unemployment and high inflation?just like the '70s, only worse...
...source material, Crichton's own bestselling novel, had far more zip. Crichton conceived the book as a socially conscious thriller: he not only told the story of the robbery but also drew a savage, well-researched portrait of the economic inequities and moral hypocrisy of the mid-Victorian era. Unfortunately, he has not found a way to translate his Dickensian themes to film. Though his movie contains vivid re-creations (shot in Ireland) of London's stately mansions and grisly slums, Crichton photographs them as if he were a sightseer. His usual acerbic point of view - so apparent...