Word: generality
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Dates: during 1970-1979
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...pushing 5 ft. 4 in. and weighs 143 Ibs. The average male used to be a shade more than 5 ft. 8 in. tall and weighed 166 lbs.; now he is 5 ft. 9 in. and tips the scales at 172 lbs.?a 4% weight gain. In general, shorter people have gained the least weight; the added avoirdupois has been most striking among taller men and women...
Right now the Callaghan government is leaning toward putting most emphasis on tax cuts. One obvious reason is to improve the Labor Party's chances of winning the general election that the government seems likely to call for next autumn. But there are economic arguments for a tax cut too. Current income tax rates, which begin at 34% for individuals with taxable income in excess of $1,796 a year and escalate to 83% on income over $38,000 annually, stifle incentive and initiative. A tax cut also would increase consumer demand, in theory prompting industry to increase production...
...revelation that GM had put Chevy engines not only into Oldsmobiles, but into some 1977 Buicks and Pontiacs as well; GM became the target of about 250 state and private lawsuits. Last week, after months of legal maneuvering, the company reached a settlement with 44 state attorneys general, who had been suing on behalf of all "Chevymobile" buyers in their states, that should end the great engine flap...
...case may have a lasting effect in showing the power of a coalition of state legal officers. Illinois Attorney General William Scott, who started the whole affair by investigating Siwek's complaint, notes that this is the first time so many state attorneys general have banded together to fight a case on behalf of consumers against a giant national company. Says Scott: "We really formed a national public service law firm that could prove effective again in the future" if another company gives grounds for reactivating the coalition...
...DIED. General Juan Velasco Alvarado, 67, former left-leaning military president of Peru; in Lima. Velasco seized power in a 1968 coup and nationalized U.S. oil and copper firms. His land reform gave millions of acres to peasants, but Velasco's growing dictatorial powers led to his ousting by more moderate officers...