Word: laggards
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Dates: during 1970-1979
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...engine over Chicago, the poisons seeping into the Love Canal. The frustrations of economic theory were revealed by the inability of the disciples of John Maynard Keynes, the British economist whose market-manipulating philosophies have dominated policymaking since the 1950s and 1960s, to deal with the stagflation realities of laggard growth, runaway prices and receding productivity in the post-industrial...
...this is a recession, let's have more of it. So joke some shoppers trying to elbow their way through the crowds that are thronging the stores. K mart has rung up a sprightly 13.7% increase in retail sales so far this year, and even laggard Sears, Roebuck reported a 3.7% monthly rise in November, its biggest gain in more than a year. So where is the recession? Like a mugger, it could be lurking around the next quarter if it has not already pounced. Real personal earnings are down nearly 5% from last year, and there are signs...
...defense. It argued that the strength of the Warsaw Pact's conventional forces, compared with NATO'S, is continuing to expand, and that there is a "growing disparity" between the Soviet deployment of intermediate-range nuclear weapons not covered by the proposed SALT II treaty and the laggard Western development of comparable arms. The White Paper declared further that the Warsaw Pact armies appear to be geared primarily for attack rather than defense...
...brightening an important slice of a weary urban America. Financially, the effort is paying off. Business this year-boosted by Sunday openings-could reach nearly $200 million, up more than 10% from last year. Finkelstein anticipates a record Christmas. That speaks loudly to other retailers again looking at once-laggard Macy's Herald Square. It has something to show off these days...
...mother would have to enter the work force-some experts suggest after the youngest child has turned six; others say twelve or 14. Drafters are still grappling too with the question of a head of family who will not work. The program will probably eliminate cash assistance for the laggard, but not for the spouse or children. States and localities would be free to adjust to the federal program as they saw fit, either maintaining or reducing their own plans...