Word: fasted
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Dates: during 1970-1979
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...least to see the big cities, if not to tarry in them. Thus the Strategic American Traveler (SAT) is well advised to find pleasant bases within easy distance of capitals, at prices lower than at any stateside Holiday Inn. In many countries, excellent railroads and mass transit provide fast, cheap transportation, particularly if the visitor takes advantage of the low-cost passes available to foreigners...
SCOTLAND. Short of spending an entire vacation in Scotland, the Strategic Traveler can take a fast train north to the Highlands for several days of fishing, hunting, golfing, sightseeing and walking on the moors. The braw, bonny Scots pride themselves on their victuals: venison and wild game of all sorts, salmon, trout, mackerel and Aberdeen Angus beef, which they seem to cook better than the Sassenachs can in the south...
With Britain's May 3 elections fast approaching, Conservative Party Leader Margaret Thatcher's slashing attacks against the Labor government dominated the campaign. Speaking in Wales last week, she declared: "Change is coming. The slither and slide to the socialist state is going to be stopped, halted and turned back." All that Labor offered, she said, was "a clarion call for inertia and indolence." Ten points behind in the polls, Prime Minister James Callaghan was meanwhile giving low-key performances portraying himself as the leader who "will unite, not divide, the country...
...Administration advisers, including Treasury Secretary W. Michael Blumenthal, Inflation Adviser Alfred Kahn and Chief Presidential Economist Charles Schultze. Sensing that a surge of inflation is in the making, they take the position that money policy should be tightened to produce a mild slowdown. The alternative, they fear, is too fast economic growth that would lead to even worse inflation?and then a sharp recession later on. Private economists as ideologically diverse as Conservative Alan Greenspan and Liberal Arthur Okun, both members of TIME'S Board of Economists, support the case for tighter money. Says Greenspan: "A recession is unavoidable...
...scales of people from lower middle managers up through officers are usually pegged to the salary that the chief collects." Middle managers are paid best in industries that compensate their top managers the most: cosmetics, autos, electronics, data processing, entertainment Such industries tend to be highly profitable and fast growing, and they give relatively more to employees and less in dividends to shareholders than do companies in older, slower-moving but more secure industries, such as commercial banking, utilities, heavy metals and railroads...