Word: low
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Dates: during 1970-1979
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Ironically, Loeb's multifaceted attack on inflation would have the most deleterious effects on groups with relatively little political clout (i.e., farmers, low-income laborers and the elderly), not the special-interest groups he so deplores...
Your threnody for the financially wrecked freelance-writer industry is accurate. However, I believe you missed the most important problem of the impoverished freelance writer. Rather than the low pay, it is the unprofessional attitude of editors. Queries remain unread for weeks and months. Agreements are reneged on. And there is a growing insistence that writers spend time and money producing an article on speculation, without the flimsiest of guarantees...
...Result: apartments are being converted into owner-occupied condominiums, thus removing them from the rental market, or condominiums are being built and sold at high prices to realize a quick return on investment. Says Howard Ruby, chairman of R. & B. Development Co. in Los Angeles: "Rents are still too low." Daniel Packard, an executive with Mayer Construction Co., which last year built 40% of the apartments in Southern California, predicts that his company may go out of the apartment business by 1980. Says he: "It's now costing us $28,000 to construct a single apartment...
History's lesson, as University of Southern California Economist Arthur Laffer has shown in the so-called Laffer Curve, is that when taxes go up, economic activity goes down. Empires from Rome to Britain reached their fullest flower when their taxes were low, Wriston remarks, and started to self-destruct as taxes rose. Americans feel uneasy about their economy, partly because federal, state and local governments tax away 29% of the gross national product. Warns Wriston: "We are getting very close to the point where high taxes will cause the economy to deteriorate...
Instead of sweeping beams, the rival British MLS uses a sequence of signals broadcast along arrays of vertical and horizontal antennas. Just as a passenger on a railroad station platform hears a high-pitched whistle as the train approaches and a low-pitched one after it passes by, the approaching aircraft's computer senses an increase in frequency of the radio signals from the horizontal antennas when the aircraft is on one side of the electronic funnel's center line. When it is on the other, a drop in frequency occurs. A similar Doppler shift...