Word: globally
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Dates: during 1970-1979
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Doubtless the deep first-quarter downturn in productivity is temporary and will be reversed when employers either lay off more workers or increase production-or both. Yet the 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...
...teaching at Princeton and the City College of New York, though he now intends to devote himself full time to writing.) The author's exuberant pessimism extends to the course of democratic government, especially in his native England. His solution is for England to be part of a global English-speaking union with Australia, America and Canada, to be governed by a constitutional monarch. It may sound positively Napoleonic, but it has vision-the vision of a bold artist who has yet to meet his Waterloo...
...popular and congressional support for Richard Nixon's presidency continued to crumble, keeping TIME'S Nation section busy with a fistful of cover stories. But it was also an exceptionally heavy week for our World section. From Canberra to Jerusalem, a shock wave of seemingly global proportions has been rattling the foundations of governments, toppling or threatening world leaders with astonishing regularity. The resignation of West Germany's Willy Brandt and the downfall of Canada's Trudeau government signaled a new high mark on the political Richter scale. This has been a remarkable period for World...
...threat to the presidency itself as well as to Nixon, Garment sought the support of Haig and Kissinger in his attempt to persuade the President that Haldeman and Ehrlichman would have to leave the Administration to save the President. It is not clear whether Kissinger supported the proposal. His global perspective and his concern that a weakened President would lead to international difficulties, however, led him to agree with Garment on another matter...
...coldest, darkest days of the global fuel shortage last winter, Americans could console themselves that the long-ailing dollar was making a valiant recovery. Money traders were eagerly buying dollars because they thought the U.S. would suffer less from the oil squeeze than other countries, and because they were impressed by the fact that two painful dollar devaluations had swung the U.S. trade balance back into the black. The turnaround proved shortlived; in recent months the dollar's value has sunk enough to wipe out almost all the gains posted during the fuel crisis...