Word: falloff
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Dates: during 1970-1979
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Reason for the falloff: becoming a physician, the dropouts are saying, is just not worth the effort...
...became legitimate [in 1966] to eat meat on Friday, one could doubt the authority of the Pope, practice birth control, leave the priesthood and get married or indeed do anything else one wanted to," he writes. Although he rejects this factor as a major explanation of the religious falloff, certain Catholics found it painfully real. "Vatican II amazed me," wrote Author Doris Grumbach in the Critic, "because it raised the possibility of more answers than one, of gray areas, of a private world of conscience and behavior ... But like all places in human experience of rigor and rule ... once...
...been cut to $30 million and the firm earned $8.1 million in the first nine months of the year. Why, then, did Aubrey leave? For one thing, profits this year are running one-third behind last year's pace, and Kerkorian was growing impatient. Chief reasons for the falloff: MGM's recent movies (The Man Who Loved Cat Dancing, Pat Garrett and Billy the Kid) have suffered box office anemia, and Grand Hotel cost overruns have been a continuing hemorrhage. Some Hollywood watchers report that, ironically, Kerkorian wanted to keep on cutting costs, but, in a major disagreement...
Early Retirement. At many companies, people are the most readily cuttable expense. Boeing reduced its payroll $75 million last year by eliminating 14,400 jobs; this year it expects to drop 18,000 more employees. The company, which has been beset by aerospace cutbacks and fears a falloff in airline orders, dropped 5,040 workers in January alone. Last week the Labor Department reported that total U.S. unemployment had increased sharply from an annual rate of 3.5% in December to 3.9% in January, the highest level since October 1967. By historical standards, that is still low for a time...