Word: grossness
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Dates: during 1960-1969
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Last winter a little-known magazine called Transaction charged that the President's State of the Union message was a barely recognizable description of the U.S. The message relied too heavily on economic bookkeeping, too little on social accounting, wrote Bertram M. Gross, professor of political science at Syracuse University. To reflect the quality as well as the quantity of American life. Gross said, the President should deliver an annual "Social Report" that deals in the round with the state of education, arts, crime and disease...
...Transaction article followed a series of talks Gross had had with White House aides. At the time, the magazine had a circulation of only 12,000, but once the provocative article appeared, Gross was summoned back to the White House. His ideas were incorporated into a speech President Johnson gave in March. L.B.J. instructed the Department of Health, Education and Welfare to develop a study of "social indicators" along the lines Gross had suggested. And Gross was hired as a HEW consultant...
...interest rates are bound to go still higher unless some action is taken by the Administration. Reason: the economy shows every indication of overheating. Buoyed by the Viet Nam war and un-slackened consumer demand, it appears headed up through the end of 1966 at the very least. The gross national product should total $739 billion this year, $12 billion more than Administration economists predicted in January. This would mean 1,000,000 more jobs than anyone anticipated, and a decline in unemployment from the current rate of 3.9% , already the lowest in 18 years...
...Houston's Ernest M. Hall Jr. headed Hall-Sears Inc., an obscure electronics outfit with earnings of $10,781 on gross sales of $95,000. Three years later, Hall merged with a small uranium mining company and became president of the new firm, now known as Westec; its share sold for 4¼ on the American Stock Exchange. For the first half of 1966, Westec announced earnings of $5,345,567 on sales of $31,-693,395; the company's stock soared to a high of 67⅛ in April...
...newest game people play is called "Take-Home Pay." First, take an executive. Add a wife, two children and a gross annual income of $14,000, and what do you get? In the U.S.-$11,968. A survey of European executives in similar circumstances, conducted by Associated Industrial Consultants of London, shows that the Frenchman plays the game $100 better than his U.S. counterpart. The Norwegian does worst of all. The ranking...