Word: fasts
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Dates: during 1970-1979
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...labor, materials and machines are managed effectively and productivity rises, more goods and services are turned out. Managers can raise wages without adding to production costs or boosting prices. Indeed, a sustained rise in productivity is essential if the U.S. is ever to quell inflation while expanding its economy fast enough to meet its needs for more job opportunities and improved housing, education and medical services...
...annual rate of 3.5% largely as a result of the severe first-quarter drop in real output of goods and services.* As is usual in times of an economic slowdown, both workers and machines operated below optimum efficiency because employers did not trim their work force as fast as they reduced production. The main cause of the productivity slump in the first quarter was that the gasoline crisis forced automakers to cut production of big, gas-drinking cars. Since auto manufacturing is one of the nation's largest and most productive industries, the sharp decline in output contributed heavily...
...longer-term trend is not totally reassuring. In global terms, the U.S.'s long lead in productivity has been narrowed. The country's productivity grew at a healthy annual average of about 3% through most of the postwar period, helped by such developments as the fast spread of computers. But between 1965 and 1970 productivity grew only 2% per year in the U.S. v. 13.2% in Japan, 5.7% in West Germany and 3.9% even in strike-prone Britain. In the early 1970s, when the economy bounced back from recession and then surged, productivity climbed smartly (see chart...
...Like generations of fishermen before them, many of these weather-lined men work grueling twelve-hour shifts in biting winds and high seas for days on end. Unlike their predecessors, however, they are catching fewer fish every year-which is one reason that U.S. fish prices are rising so fast...
...fast life, and early on the Duke developed an ability to compose anywhere-restaurants, buses, hotels, even taxis. He wrote his first big hit, Mood Indigo, in 15 minutes while waiting for his mother to fix dinner. Many of his early works shimmered with exotic "jungle" colors, achieved through the clever use of mutes, slurs and growls, that were intended to romanticize the African roots of jazz. Later works such as Warm Valley and Dusk took on subtle pastels and sophisticated shapes. Ellington's style and reputation eventually transcended jazz, and he even performed with major symphony orchestras...