Word: fasters
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Dates: during 1960-1969
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Deflation Dangers. The prime problem is a money shortage: international trade is growing much faster than the means to finance it (see chart). Because the world has no international money, it depends on a mix of gold and the two internationally recognized "reserve currencies," dollars and British pounds, to support commerce. Most of the recent growth of trade has been bankrolled by dollars flowing out of the U.S. in the form of investing and lending, tourism, foreign and military aid-thereby steadily worsening the U.S. balance of payments. Now Washington's "voluntary" curb on investment abroad has finally...
...Prime Minister Eisaku Sato, last week's upper-house elections could hardly have been more badly timed. Although production lines are humming faster than ever, Japan is going through a painful economic "readjustment" which in the past 16 months has wiped out thousands of small businesses, sent the stock market plunging 15% and consumer prices soaring. The government has been widely attacked for its open support of the U.S. bombing of North Viet Nam as well as for signing the long-overdue peace treaty with South Korea (TIME, July 2). Worst of all, Sato's Liberal Democratic Party...
Instead of clicking faster than they did the year before, the turnstiles are revolving as sluggishly as a windmill on a calm day. Some skeptics predict that the Fair may end up as much as $50 million in the red by the time it closes on October 17. Attendance, instead of increasing by 37% as Moses had predicted, has fallen off 30% from last year. Though some exhibitors took heart when 13,469 more people showed up this Fourth of July weekend than last, the fact remains that 78,059 more people showed up the same weekend at Palisades Amusement...
...historic run." So says Kyunojo Ozawa, one of Japan's ace aircraft designers, who is dean of science at Meijo University. All over today's industrial world, entrepreneurs, scientists and bureaucrats are busy developing imaginative ways to move men and goods both faster and cheaper. A lot of the innovations still depend on wheels, but some ride, glide or whoosh lightly over the surface on cushions of air. Certainly many an American contemplating auto traffic in Los Angeles or other big modern cities has come to the instinctive conclusion that the wheel must...
...Channel with two leased 38-passenger craft, built by Britain's Westland Aircraft. The vessels will cruise at up to 50 knots, make the Ramsgate-to-Calais voyage in 30 minutes (v. 1½ hours for conventional ships). In 1968, the Swedish firms will get even bigger and faster amphibians: 500-passenger craft that will cross the channel in 18 minutes at cruising speeds of 70 knots, can operate year-round even in rough waves...