Word: higher
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Dates: during 1970-1979
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...intellectual leader of the young economists is Harvard's Feldstein, a soft-spoken family man from The Bronx, whose looks and middle-class background and mannerisms call to mind a benign dentist. While most of his peers remain academically cloistered, concentrating on the higher mathematics and econometric concepts of modern research, Feldstein is at home in both academe and Government. He is equally comfortable pondering a regression equation for a computer program or testifying to a congressional committee, which he often does. Both political parties eagerly seek his counsel. He was an adviser to Jimmy Carter's '76 campaign, turned...
...period from 1975 to the spring of 1979, when the third recession of the decade probably began, is often called "the longest peacetime expansion in U.S. history." Some expansion! Unemployment stands at almost 6%, and to keep the rate from climbing even higher than its 1975 recession peak of nearly 9%, both the Ford and Carter Administrations have had to stuff the people's pockets with almost as much inflationary funny-money, in the form of Government deficit spending, as was generated in all of World...
...foreign oil producers is exogenous. True, but only partly so. Not only did inflation in the industrial countries encourage the 13-nation OPEC cartel to quintuple its prices in 1973-74, but the accelerating U.S. price spiral provides the cartel with its only excuse for raising its prices still higher...
Hill is mindful, however, of the limits to what he can do. When there is a "clear and unequivocal and recent decision" by a higher court, a judge is bound to follow it and not try to carve out new law. Hill also believes deeply in the concept of the judiciary that he learned "at the feet of Felix Frankfurter" when the late Supreme Court Justice was a teacher and Hill a student at Harvard Law School in the late '30s. Says Hill: "Frankfurter had a very strong and very well-thought-out concept of judicial restraint that would...
Most of the movie's close-up action, featuring Actors David Janssen, Tony Musante and Madge Sinclair, was shot on a set constructed in the community center gym of Darrington, Wash. But the helicopter scenes were shot 4,200 ft. higher up, on and around the sheer rock face of White Horse Mountain in the northern Cascades. Director Eugene Jones spent six months finding just the right-size ledge, which measured an appropriately uncomfortable...