Word: jolt
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Dates: during 1970-1979
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When that schedule bites the dust, maybe NBC's beleaguered Fred Silverman will at last rise from defeat and give network programming the jolt it so desperately needs...
...most anticipated recession in history has arrived earlier and with a more forceful jolt than expected. Instead of the gradual slide that economists were predicting would begin in midsummer or early fall, the second-quarter gross national product fell at a substantial annual rate of 3.3%. Most forecasters had anticipated that the downturn at worst would bring a decline of 2% or so. In a confidential revised forecast last week, some top governmental economists conceded that the slump will be worse than anticipated this year and will be followed by an "anemic" recovery...
...even these losses would pale beside a far less publicized jolt that the insurance group is suffering. It involves the labyrinthine world of computer leasing, a honey-tongued Texas hustler, the big gest and most prestigious U.S. banks and IBM. As a result of many forces, the Lloyd's insurance group faces the biggest loss in its 291-year history - up to $225 million, vs. the present record of $100 million paid to cover damages from Hurricane Betsy...
...other than a loss of faith in government may also be at work: a competitive culture, high anxiety about the economy and conflicting reports on which shortages are long-term or temporary. Says Sociologist Jackie Boles of Georgia State University: "At times like this we need strong leadership to jolt people out of this competitive behavior. Unfortunately, our leadership has said, 'Yes, we have an energy shortage,' and 'No, we don't have an energy shortage.' People are operating in a vacuum of leadership." Adds Brenner: "The public will try to get the facts themselves...
...Indoor Track and Tennis Building (ITT) was next on the agenda and equally impressive. I hoped that the committee would meet track mentor Bill McCurdy and imagined how he would jolt them with one of his always refreshing comments. "Hey, I'm Irish, so just keep the green flowing in my direction," he might have said...