Word: halcyons
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Zooming air fares, European inflation and the dwindling power of the dollar have combined to squeeze the annual American exodus. From all indications, fewer than 7 million Americans will go overseas this year, down about 7% from 1974, and about 20% below halcyon 1973. Latest figures show that travel to Europe, normally the destination of three out of seven Americans going overseas, is off 10%. Notes Victor Minerbo, a familiar Parisian presence who for years has wheedled business for the restaurant in the Eiffel Tower: "Look around and see how many Americans you can spot! None...
...government contracts to small companies. Combined with a slightly easier monetary policy, the measures should be enough to help trigger a modest recovery during the second half of the year (production rates already are inching up, and jobless rates down). But they are hardly sufficient to bring back the halcyon era of double-digit G.N.P. growth that Japan enjoyed before it was rocked by twin economic shocks in the early 1970s. Dollar devaluations and yen revaluations raised prices of Japanese goods abroad and cut into export earnings; that plus quintupled oil prices touched off the inflationary explosion...
...constant warfare among the country's greedy feudal princes, who were described by Confucius as "stuffing themselves with food all day while never using their minds at all." He envisioned an ideal ruler of benevolence, moderation and humanity, a type that he believed had existed in a halcyon era long past. While the bad ruler relied on terror and force, the Confucian prince would restore order simply by the strength of his moral example. "If a ruler himself is upright," Confucius taught, "then all will go well without commands...
...Watergate. The clenched fist replaced the V sign as idealists turned cynical. Dylan and his followers withdrew into a more personal and private world. After a near-fatal motorcycle accident in 1966, Dylan moved to his home in Woodstock, N.Y., and switched from participant to observer to chronicle the halcyon days of "the movement" in songs like Time Passes Slowly...
...begin, the Frei years were hardly halcyon times of peace and social justice. Frei snuck past Allende in the 1964 election with strong conservative and CIA support, and he was always beholden to the right. As a consequence, his rhetoric outstripped reality: his touted agrarian reforms did little to change the shape of the Chilean landscape and he never got around to nationalizing the copper interests and other North American businesses as he promised...