Word: lesses
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Dates: during 1970-1979
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...compared with 4.4% when Barre moved into the Premier's official residence, the Hôtel Matignon. Inflation, which he vowed to bring under control, has been running at an annual rate of 11.3%, vs. 9.7% in 1976. Barre has warned that the French face more, not less, belt tightening. Said he: "Next year will be very difficult. The choice is not between maintaining or increasing purchasing power, but between its maintenance and its amputation." Thanks in part to that kind of gloomy prognostication, Barre's approval rating has fallen even lower than Giscard...
...surface, Ohira's performance at the polls might have seemed respectable enough: his ruling Liberal Democratic Party (L.D.P.) increased its popular vote from 42% to 44.6%. The party maintained its plurality in the 511-member lower house of the Diet by winning 248 seats, only one less than it had in the previous parliament; the L.D.P. stays in power because it has the assured support of ten independents, which will give it a voting majority of two. Moreover, Japan's second biggest party and the L.D.P. 's main opposition, the Socialists, captured only 107 seats, a loss...
...investments." The bottom-line obsession of many managers results in quick payoff investments to retool old products rather than expensive long-term spending to develop new ones. Though Texas Instruments this year will spend $155 million on research, Vice President George Heilmeier admits: "We have become conservative and spend less on basic research...
...that corporate giants are indifferent to small projects. Harris J. Bixler, president of Boston's Avco Everett Research Laboratory, contends that new products that promise tidy but unextravagant revenues go unsupported by Big Business even though the initial investment might be low. Says he: "Large companies could care less about the guy who has a $100,000 idea. They'd lose that in the paper-clip account." Such technological triumphs as Xerography and Polaroid film were developed by small innovator-entrepreneurs only after larger firms turned down the ideas...
...truth is somewhat less flattering to Edison than the myths. Like many a genius, he was often a terrible trial to those who had to get along with him. He disliked not only changing his clothes but bathing, damaged his health by subsisting on pie and coffee, and neglected his two wives and six children. He lavished material goods on them, but otherwise paid scarcely any attention to them; in fact he rarely slept at home, preferring the laboratory. His first wife died grossly overweight; his second once said their marriage had been "no great love." The Hollywood picture...