Word: leveler
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Dates: during 1970-1979
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...narrowing the trade gap until "the Administration and Congress make some significant sign that they are doing something about the basic problem of energy." Greenspan agrees, though he believes that the dollar's value will stabilize or rise on world markets because it is now far below the level that the worst fears of U.S. inflation would justify...
...gets a lift from its high level of repeat travelers. British travel agents voted SIA "airline of the year" in 1977, and a survey of 500 agents in the Asian-Pacific region placed it first in the area. The line does not belong to the International Air Transport Association cartel, so it can give all sorts of free extras to passengers. In both first class and economy, they get free champagne and drinks even before takeoff; gifts like pens or complete leather toilet sets are distributed on every flight to first-class passengers. SIA is spending $30 million to build...
...senior White House staffers. "One of the biggest mistakes we made during the transition was letting the Cabinet secretaries play such an independent role in naming their assistants," complained one White House aide. Said another: "We've got to find a way to bring the second-and third-level people on board this train." Several of the Cabinet officers grumbled privately at the request to evaluate their assistants. Said one Cabinet staffer: "This could be an opportunity for the secretaries to give poor grades to the very people the White House pushed in here...
...style has all but disappeared. So have a good many of the rich. Said U.S.-born Countess Consuelo Crespi before moving to New York City in 1976: "In Italy now you want to feel rich and look poor." Sales of Rolls-Royces have fallen off to nearly half their level of a year ago. The miles of nightclub neon that used to light up the Roman nights have dimmed to a mere two stylish spots, Jackie-O's on week nights and The First on weekends. "Rich people now only entertain at home, and they don't want...
...from 65 to 70 will leave less room at the top for aspiring younger people and, some managers fear, could lead to a sclerosis in the executive ranks. Denmark has produced a partial answer to these problems. Nicknamed "decruitment," it involves recycling older middle and top managers to lower-level jobs...