Word: koreans
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Dates: during 1960-1969
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...steadiness in wholesale prices largely results from intense competition. U.S. industry vastly expanded its plants to meet the backlog of consumer demand from World War II and the Korean war; but once the demand was satisfied, the need for goods slacked off, and 15% of the nation's productive capacity lies idle. Says one top Commerce Department economist: " We haven't used our capacity fully since the boom...
Only one person loves the war lover, an orphaned Korean boy named Charlie (Tommy Matsuda). A bruising struggle to mold Charlie's developing personality begins between Endore and another private, Loomis (Robert Redford). Loomis is a rookie in the platoon, a man for whom war is a strange, unreal interlude to be borne with fortitude, but no elation...
...Jobs. A cut in corporate taxes from the current 52% rate to the 47% that prevailed early in the Korean war would reduce Government revenues and increase corporate profits by $2.5 billion-a whopping 10% gain for U.S. business. Companies would soon budget well over one-half of this for capital spending, says New York University Economist Marcus Nadler, and every dollar put to such use would turn over so often that it would add $3 to the gross national product. At that rate, a $2.5 billion corporate tax cut could increase the G.N.P. by some $5 billion...
White spent 2½ months in Nazi prison camps. After the war, he came back home and entered New York University as a freshman. He no sooner had his degree (electrical engineering) than the Korean war broke out. He had kept up his flying in the Air Force Reserve, and in 1951 was recalled to active duty. Though White saw no combat in Korea, he decided to stay in the Air Force. His cool, precise flying won him two years of experimental-test-pilot training. Since 1955. White has checked out four hot jet fighters...
CONFLICT, by Robert Leckie (448 pp.; Putnam; $6.95). In this first full-scale history of the Korean war, former Marine Robert Leckie dramatically reconstructs the bloody, bitter battles of a frustrating war. He brings alive the shock of the North Korean invasion, the "bugouts" of terrified G.I.s, the blare of Chinese bugles in the night, the quiet heroism of soldiers and marines dying on nameless hillsides in an alien land. Like many another marine. Leckie has a low opinion of General Douglas MacArthur, whom he charges with making a fatal mistake in splitting his forces for the dash...