Word: grossness
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Dates: during 1960-1969
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...Mirages. Australia's air force is obsolete, its navy a memory, its 23,000-man army smaller than Cambodia's. The country has no draft, spends less than 3% of its gross national product on defense v. nearly 7% in Britain and more than 9% in the U.S. There is so much dissatisfaction in the services about low pay* that the government last year had to forbid further resignations by officers. Only 1,765 recruits were obtained in the last nine months, which, after wastage, resulted in a net gain of only...
Greece has doubled its gross national product, industrial production and personal income since World War II, and tourists thronging to the magic isles have helped provide a favorable balance of payments. But the economy is still fragile: Greece imports twice as much in machinery and goods as it exports in farm products, and jobs are so scarce that more Greeks last year went abroad to work than were born...
...whatever he has done with his tax savings, has shown no signs of going on the splurge expected of him. Perhaps partly for this reason, economists for the prestigious 100-man Business Council, which met in Hot Springs, Va., stuck steadfastly to their cautious prediction of a $620 billion gross national product for 1964-even though the Administration expects the G.N.P. to hit at least $623 billion and some private economists feel that it may go higher. Viewing all this backing and filling, Associate Dean Walter D. Fackler of the University of Chicago Business School saw some irony...
...policy squabble to the newspapers. Chicago's strong-minded Benjamin Willis quit when the city board insisted on a broader, faster student-transfer plan than he wanted, returned to the job only after he got his own way. For months, New York City's able Calvin Gross has been forced to conduct a running battle with his board...
...Alliance for Progress, the Latin American peasant has taken his place with the Mets fan as one of nature's most familiar and least understood noblemen. Silhouetted against a tropical sunset, there he stereotypically stands, leaning on his hoe and dreaming dreams of land reform and a greater gross national product per capita...