Word: lating
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Dates: during 1970-1979
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...greatly enjoyed your article on procrastination [June 10. 1974]. It was a fine in-depth analysis of a problem we Americans must learn to deal with. I was going to write you somewhat earlier, but I have been extremely busy of late...
While the President was at Camp David, his economic advisers made it official: the U.S. is in an inflationary recession. National output, they predicted, will shrink 0.5% this year; prices nonetheless will climb 10.6%, and the number of jobless may grow by 1.3 million, to around 7 million late next year. The inflation is being fanned and the recession worsened by large OPEC oil price boosts that underscore the debilitating U.S. dependence on imported petroleum. Carter was earnestly aware, if the people of the U.S. were not yet, that the nation must find some way to start breaking that dependence...
...Also announced late last week: a new $1.2 billion arms sale to the Saudis.) The additional Saudi oil would wipe out much of the shortage of crude in world markets, permit U.S. refineries to run faster (they in fact worked at 90% of capacity in early July, the best rate this year) and prevent the long gasoline lines of late June from reappearing this year. But the Saudi action emphasizes rather than relieves the U.S. dependence on foreign oil, and Carter himself fears that it might lessen the sense of crisis that could put the nation in a mood...
...body count from Viet Nam, every night from Huntley and Brinkley, interrupted by cigarette commercials. Ghetto riots in the summer didn't make the news unless they were big ghetto riots (the little ones were expected.) July was too hot for big anti-war protests, though; demonstration season was late spring and early fall. Joe Namath's Jets has embarassed the NFL, while the Mets, on the way to the World Series, split a double-header with Montreal. In the Middle East, the war of attrition entered a new phase, as the Israelis began using their air power on Egyptian...
...Schmidt examines the roots and characters of the Cambridge folk scene from its inception in the late '50s, entering old coffee houses like Tulla's--once near Cahaly's--that first heard the voices of young folk singers like Joan Baez. This...