Word: grayness
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Dates: during 1970-1979
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Dressed in somber gray suits and minus 25 Ibs. (thanks to a low-fat diet), he stressed pet schemes: overhaul the fiscal and monetary system, rebuild the cities, renew the space program, balance the federal budget, protect the environment, phase out nuclear energy. Says Brown: "The Democratic Party is headed for defeat in November unless it comes up with the answers for the decline in our economy, the decline of our technology...
...G.N.P. in 1964, was only 2.2% last year. While the U.S. percentage has been decreasing, West Germany's has averaged 3% annually since 1971, and last year increased to 3.2%. Japan's has risen from 1.3% in 1965 to 1.9% in 1977. Says Paul E. Gray, president-elect of the Massachusetts Institute of Technology: "We have lost a certain edge in technological innovation...
Many scientists and businessmen blame the Government for the innovation recession. M.I.T.'s Gray complains that high taxes on capital gains and excessive Government regulation have discouraged new entrepreneurs. The 1969 increase in capital gains taxes from 25% to 49% dried up venture money, especially for small companies. From 1969 to 1975 the amount of new capital acquired annually by small firms sank from $1.5 billion to $15 million...
...even longer series. That is good news, but the Shikastan habit of ignoring present pleasures in favor of a chimerical future should be avoided. For the moment, it is enough to welcome an audacious and disturbing work from one of the world's great living writers. -Paul Gray...
...these moral decisions--and all their shades of gray--that obsess Nadine Gordimer. Burger's Daughter dramatizes Rosa Burger's search for a cause to which she can commit herself, while accepting her fears, doubts, and ambivalence...