Word: expansionism
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Dates: during 1970-1979
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One of the Administration's prime hopes was that a surge of consumer buying would ignite spending by businessmen and lead to prosperity in 1972. Yet, while shoppers have been spending fairly well for months, businessmen continue to keep a tight grip on their money. Since sustained economic growth...
For a while, both sides were happy. Then, after 1965, Detroit's automakers launched an expansion in Canada to take advantage of lower labor costs and to help maintain the ratio in the face of an expected sales rise. The plants began turning out large numbers of autos, but...
Covering Soviet military affairs also presents reportorial challenges; the Kremlin does not advertise its intentions. Four years ago, however, TIME ran a cover story entitled "Russia's Navy: A New Challenge at Sea." That article, written by David Tinnin, told of the rapid progress that the Soviet navy was...
But Government officials, under political pressure from foreign countries to redress the recent expansion of U.S. banks abroad, would welcome serious bids from non-U.S. banks.
Costly Growth. In 1967, Wells Fargo started a five-year program to open 50 branches in Southern California. But California's economy has been slowed by the recession in aerospace, and it now takes three years instead of the expected 18 months for a new branch to become profitable...