Word: less
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Dates: during 1960-1969
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Honeymoon's End. Knowledgeable bankers and brokers are less worried by any threat of controls than by a growing fear that inflation can be defeated only at the price of a recession. Corporate news has not been encouraging...
...several steps from its present value of 25?, to 26? or 27?, and the franc would have gradually declined from 20? to around 18? or 19?. The Dutch guilder and Italian lira probably would have moved up too, while the British pound almost certainly would be worth less than its present $2.40. The U.S. dollar would not have changed because it is the standard against which the other currencies are measured...
...pressure to perform well in business looms ever larger as a reason why the life expectancy of males in the U.S. is only 66.7 years-five years less than in Sweden, and appreciably less than in such countries as Japan, Czechoslovakia and Israel. Contrary to popular belief, the U.S. ranks low in longevity-24th among countries that keep statistics. The male life expectancy rate has not risen significantly in the U.S. since the 1940s...
...carriers' fast growth. Few of today's 240 scheduled small lines existed as recently as 1964, and regulation lags behind. As FAA rules now stand, all an operator needs before going into the business is a commercial pilot's license, which can be earned with less than 200 hours of training. Pilots for the major airlines need a minimum 1,200 hours, plus instrument-flying proficiency...
...some of the scheduled services that the FAA calls "commuter air carriers," demand airline-style experience of their pilots-but most do not. At the bottom are the unscheduled "air taxis," many of which are Mom and Pop outfits that hire out for various chores and use smaller and less well-equipped planes than the commuters...