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...jolt has reached thousands of small and intermediate-sized firms, from major subcontractors to the bars and bowling alleys where aerospace workers spend the nonessential parts of their paychecks. Times are especially perilous for the four titans of the industry, the billion-dollar corporations that serve as prime contractors and provide a strong source of support for whole cities. Though their individual states of health range from critical to fairly good, every one has been forced to cut jobs over the past three years, as the following employment figures show: 1968 1971 Lockheed 93,000 75,000 Boeing...

Author: /time Magazine | Title: Business: Aerospace: The Troubled Blue Yonder | 4/5/1971 | See Source »

...credibility of the optimistic official Pentagon and White House assessment of the Laos campaign received a jolt yesterday when the U. S. Command in Saigon quietly revealed that nearly half of the Saigon troops sent into Laos are now dead, wounded or missing in action. The figure was twice that given by the official South Vietnamese spokesman...

Author: By David I. Bruck, | Title: Laos Post-Mortem: Error Of Vietnamization Is Clear | 3/26/1971 | See Source »

Once a choice is made between working toward total abstinence or social drinking, the patients begin training. Each has electrodes attached to his hand. They can produce a shock when the bartender-therapist pushes a control button. Those who are to be abstainers know that they may receive a jolt every time they order drinks and a continuous shock as long as they have a glass in their hand: they are willing to risk the punishment to effect a cure. The would-be social drinker can consume as many as three mixed drinks without a shock -as long...

Author: /time Magazine | Title: Behavior: Training to Be Sober | 3/15/1971 | See Source »

...Jolted into Action. Infelisi spent four months planning the operation. His aim: to jolt the government into taking corrective action or to scare the institutions themselves into making reforms. The young D.A. went along on three of the raids. After reading police reports on the 283 others, he concluded: "Seventy-five percent of these places should be closed at once...

Author: /time Magazine | Title: ITALY: Nobody's Children | 3/8/1971 | See Source »

...effect is ironic, because the 1970 recession was the nation's mildest in this century. But the reason is plain: the downturn's jolt to Americans' accustomed confidence was far greater than its blow to their pocketbooks. Almost two-thirds are now telling pollsters that the state of the economy is their biggest concern. Unemployment has been lower than during any previous recession; yet three out of four Americans expect rising unemployment and economic difficulties this year. "The notion that things will be better tomorrow has received quite a shock," says Economist George Katona...

Author: /time Magazine | Title: The Cooling Of America: The Uses of Economic Adversity | 2/22/1971 | See Source »

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