Word: less
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Dates: during 1960-1969
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Much of the credit goes to Lieut. General Johannes Steinhoff, 56, a hardened World War II ace who shot down 176 planes over Britain, Africa, Italy and Russia and had his face badly mangled in the last of his twelve crack-ups less than a month before the German surrender. Steinhoff took over the Luftwaffe in 1966 with a mandate to "pick up the pieces" of the Starfighter scandal. He tightened organizational control, farmed out some Starfighter maintenance to private industry, which was better equipped to handle it than the Luftwaffe, and introduced more than 2,000 design and safety...
...late Francis Cardinal Spellman was restless and unhappy in his out-of-the-way post. As one friend expressed it: "After being on the heights of Mount Tabor all his life, the bishop found his Calvary in Rochester." Even so, his resignation last week at age 74, after less than three years in his first important pastoral post, came as a surprise...
...loops and swirls of paint. What they accomplished was the destruction of form itself. "That liberation," says Japanese Critic Ichiro Hariu, "fired the imagination of artists around the world and touched off an artistic chain reaction." Adds Chicago Professor Franz Schulze: "Whether Abstract Expressionism was successful or not is less important than that it persuaded other American artists to make equally radical gestures-in light, Pop art, minimal, conceptual art-indeed everything that has followed...
...Slowdown. Burns has suggested that a recession might not be so bad. He has often said that the U.S. can survive a business slowdown, or even downturn, without necessarily incurring a sharp increase in unemployment. He reasons that the economy has become service-oriented, and that service workers are less likely to be laid off than those in manufacturing. Even in manufacturing, he thinks, shortages of skilled labor have been so severe that companies will continue to hoard workers rather than fire them as sales and profits decline...
...business today is rushing to develop more products with a shorter shelf life to satisfy the apparently insatiable and increasingly fickle consumer. Last year more than 9,500 new items were introduced in the consumer package-goods field alone, the area of greatest product turnover. Less than 20% met their sales goals; the cost of new-product failure to U.S. business is estimated to be well over $2 billion annually. Some highly promoted disappointments in recent years: Gablinger's Beer, Hunt's Flavored Catsups, Fact Toothpaste, Noxzema Medicated Cold Cream and Easy-Off Household Cleaner...