Word: laggard
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Dates: during 1970-1979
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...Laggard States. The main problem, asserts the Nader group, is the federal program's failure to control industrial effluents. They account for at least 50% of the oxygen-consuming wastes handled by municipal water-treatment plants, many of which are thus overloaded. They also include very dangerous contaminants (arsenic, cadmium, mercury), which few treatment plants can remove from drinking water. Even advanced plants, says the report, may be unable to handle the estimated 500 new chemicals that industry develops each year...
...Hurt by laggard payments, merchants are taking a sterner stand on debts. Two weeks ago. Brooks Brothers advised customers that its nationwide chain of shops would no longer extend credit entirely free of charge. Starting in March, most of the Brooks shops will charge 1½% monthly interest on accounts that are unpaid for 30 days or more. Bergdorf Goodman will also begin putting charges on tardy accounts. Businesses of all kinds are now at taching brightly colored stickers to their bills to grab debtors' attention...
...kaleidoscopic Christmas displays began to blink on at stores along the main streets of the nation's cities last week, the mood of the merchants was anything but festive. Downtown retailers are hoping for a holiday buying spree to offset a year of laggard sales and inflation-riddled earnings. Economists are hoping for consumer spending to be a strong force in revitalizing the economy. The prospects for the near future are not promising...
ONLY last year it seemed to many Britons that their long-sought economic turn-around was finally at hand. The balance of payments showed a handsome surplus, foreign debts declined, and even the country's laggard industrial productivity gave signs of recovery. The euphoria turned out to be shorter than an English summer. Britain is once again tumbling into one of the periodic economic crises that have made the country the chronic invalid of Europe...
...Avon Products, Walt Disney Productions, Iowa Beef, National Cash Register, Telex, Texas Instruments and Xerox. At week's end the Government reported signs that the economy was picking up: industrial production and personal income climbed in July, pretax corporate profits barely declined at all in the second quarter and laggard statistics showed that the gross national product rose a bit more than had been calculated earlier. The Dow-Jones average reacted by registering a feeble 31-point gain on Friday...