Word: lows
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Dates: during 1960-1969
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...pressing the button, the University of Miami scientist had set off a low-frequency sound projector submerged in 60 ft. of water on the ocean floor. To any carnivorous fish within earshot, the signals probably seemed similar to the noises made by other fish when they are feeding, being attacked or under other conditions of stress. Excited by the apparent proximity of prey, the sharks and other predators greedily converged on the sound projector...
...says Myrberg, "I was sitting there hitting the 'chirp' button, but visibility was so bad that I couldn't follow the little damselfish." Frustrated, he told his sound man to try a different set of signals. No sooner did the sound projector begin broadcasting a low-frequency tone than "bang, the whole area was filled with sharks." A chance turn of the dials had paid off with completely unexpected information...
Both men were obviously waving red flags at Congress, which in economic matters often has a low level of sophistication and which has been delaying consideration of the tax extension. The main trouble lies in the House, where many Democrats demand broad-scale and much-needed tax reform as their price for supporting the surcharge. Hoping to avoid a rapidly developing impasse, President Nixon called House leaders of both parties to the White House. Over coffee, they agreed to make the extension bill more attractive by adding a Nixon proposal to drop 2,000,000 poverty-level families from...
...experts agree with him. The nation's out put of goods and services is expanding; only half as fast as a year ago, and that growth may stop entirely during the summer. The volume of retail sales has been sluggish for a year, and un employment, still a low 3.5%, is up slightly from 3.3% earlier this year. Of the three principal forces in the economy, two have lost most of their lift. Government spending and consumer spending are relatively flat; only businessmen's extremely large capital in vestments are keeping the economy expanding...
...coming decade, an inflation-weary nation should aim at a so-far elusive goal: stable prices, low unemployment and steady economic growth. The U.S. has already achieved a full-employment society, but the next job will be to devise ways to live comfortably with it. That will not be easy. The material prosperity of the 1960s has not produced tranquillity or happiness for large sections of the nation. A full-employment economy is a delicate mechanism, the clash of powerful forces, notably labor and management. Both forces will have to accept new atti tudes, new compromises and, above...