Word: fasted
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Dates: during 1970-1979
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...roots of this crisis are old and deep. In the 1960s, under Chairman Lynn Townsend, Chrysler glanced jealously at the worldwide power of both GM and Ford and tried to emulate them by expanding rapidly at home and abroad. The forced growth was ill-timed, haphazard and too fast. Chrysler entered the 1970s lacking the financial resources to weather three recessions, two oil crises and an enormous wave of environment, safety and fuel-economy regulations...
...hardly seems the stuff of which bestsellers are made. Academic in tone, occasionally plodding, inundated by footnotes, the nation's latest buzz book is not a fast summer read. Yet in only one month in the stores, more than 35,000 copies of Energy Future have been sold at $12.95 each, and Random House is beginning a fourth printing...
...underground economy, an illicit system of cash and barter in exchange for goods and services. Because it operates beyond the statistician's reach and the tax collector's grasp, no one knows its exact size and scope. But various learned economists, who find this fast-growing sector to be a fertile field for academic investigation, estimate that it runs to hundreds of billions of dollars a year...
...biggest dodge in the underground economy is carried out by people who may pay tax on part of their income but demand the rest in unreported cash, usually in convenient large-denomination bills. One sign of this trend is the fast rise in the number of $100 bills in circulation -some 382 million today vs. 267 million only three years ago. In addition to his regular job as a mechanic, Mike does bodywork on damaged autos in San Francisco for cash on the cylinder head and pockets $100 to $200 a month in undeclared income. Bob, a Santa Cruz, Calif...
Flea markets are flourishing partly because they seldom charge taxes. Barter clubs are also springing up fast, particularly in the West. The clubs offer swap deals on a vast array of goods and issue checks" for services. A gynecologist, for example, may cash his "check" with a mortician. The members of the clubs claim that their transactions do not represent sales and thus are not subject to taxes...