Word: iv
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Dates: during 1970-1979
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...much of America has been suffering with the economic misfires of Phases I through IV, some Government employees at least have been humming along rather nicely. The U.S. Census Bureau revealed last week that Arlington County, Va., bedroom for much of the Washington bureaucracy, enjoys the highest per capita income (at $5,446) in the nation. A full 37.6% of Arlington's wage earners are federal employees. "When there are bad times in the country, they hire more people in Washington," observes Dr. Kenneth M. Haggerty, an Arlington dentist and acting county board chairman. In terms of income...
...best a list of unmet challenges, at worst a catalogue of failure. The President has indeed ended U.S. involvement in the war and brought home the prisoners, but he has failed to realize most of his domestic goals. His price freeze has given way to Phase IV, and across the nation the cost of food and other commodities is soaring to record levels. The Department of Agriculture estimates that food prices will rise 20% this year; in New York City, the cost of groceries jumped an appalling 3.9% in the space of seven days (see THE ECONOMY...
...first full week of Phase IV, each costly ring of the check-out cash register seemed to eat away at public patience with the Administration far more than the revelations of the Watergate scandal. To beat the worst of the expected price bulge, shoppers crammed into supermarkets, piled their carts high and left empty spaces on the shelves. Appliance dealers in Atlanta could not meet demand for freezers from consumers wanting to stock up on meat...
...lift it again to 8¾%-equaling the record set just before the money crunch of 1969. This is helping pull mortgage rates up to 8½% in some parts of the country amid predictions that even higher home-loan fees are imminent. Thus the American consumer enters Phase IV with only three things to worry about: the rising cost of food, clothing and shelter...
McGuane has been married for eleven years to a tiny, pretty girl who is a direct descendant of Davy Crockett. They have a six-year old son, Thomas IV. Whether on their 40-acre ranch outside Livingston, Mont., or in Key West, the McGuanes are a refuge for a shifting population of the lonely, itinerant or freaked out. "We're everyone's straight friend," he says. "I love the fact that my household is beautifully run. But I need chaos too, so I live near the ocean or the wilderness. I have a mortal fear of being housebroken...