Word: korean
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Dates: during 1970-1979
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...price that every American pays for these failures is a decade-long inflation that is the most pernicious price spiral since the Korean War, and certainly the most alarming one in the nation's history. Because competitiveness and efficiency have declined, and productivity growth, that most basic yardstick for measuring a nation's economic vitality, has slowed, the real cost of producing goods has jumped. Meanwhile, to keep demand up, the Government has created money and credit at far faster rates than businessmen can turn out products and services. The result: too much money chasing too few goods, which...
Despite his place in the family dynasty, Otis Chandler learned the business from the bottom up. After he returned from the Korean War, his hard-driving mother, Buff Chandler, now 78 and still the grande dame of the Los Angeles cultural establishment, gave him one weekend off, then started him on a seven-year grind that took him from the mail room to the city room. Chandler is quick to deny any implication that he is his mother's masterpiece: "Her influence on the paper since I've been publisher has not been significant...
...Carter's rating in the ABC News-Louis Harris poll in mid-June was 25%. Harry Truman received 23% in the Gallup poll during the Korean...
Last week was one for the record books-literally. From the statisticians at the Labor Department came official confirmation that over the past six months the U.S. has experienced the steepest spiral of inflation it has had in nearly 30 years. Not since the Korean War price explosion of 1950-51 has double-digit inflation gripped the economy so relentlessly for a full half year. But no sooner had Jimmy Carter named his new economic team of Treasury Secretary G. William Miller and Federal Reserve Chairman Paul Volcker than the grim news was out: living costs had spurted...
...PHILIPPINES. The 63,000-man Filipino army has had little conventional combat experience since the Korean War. Bolstered by an additional 45,000-member constabulary force, it keeps busy fighting the Muslim rebels of the Moro National Liberation Front in the southern Philippines, and the Maoist-led New People's Army mainly in Luzon and the Visayan Islands. In part because of the country's corrupt leadership, Washington analysts grade the Filipino performance and prospects a dismal Cminus...