Word: marketed
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Dates: during 1970-1979
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...amounts spent on R. and D. and in numbers of new inventions, its chief economic rivals are expanding their research efforts at much faster rates. One consequence is becoming dramatically clear this year: because the U.S. no longer commands such a high share of the world's high-technology market, it no longer can offset its large imports of low-technology items such as shoes and clothing. As a result, in 1978 the country will import substantially more manufactured goods than it will export. The deficit for the first half of 1978 was $14.9 billion, which will do more damage...
...prices, drilling activity has reached its highest level since the '50s, resulting in an acute shortage of pipe, drill bits and other oil-exploring and -producing equipment. Orders for derricks can take as much as 18 months to fill. Buyer impatience has spawned a burgeoning subindustry: a booming black market for stolen oil equipment, the value of which may run as high as $50 million a year...
...free market works very badly in higher education," sighs Riesman. Indeed, the new selling of higher education in some ways bodes ill for education and academic integrity...
...Daniel Filipacchi is assembling a sizeable staff to revive Look magazine as a weekly early next year; the German magazine firm Gruner & Jahr will launch a U.S. version of its expensively produced Geo at that time; the publishers of the classy Realites are planning an other assault on the market in January...
...strike has not greatly afflicted the city's economy. Attendance at Broadway theaters is down slightly from last year, but department-store sales are running 5% to 10% ahead of year-ago levels. The local real estate market is so tight ?apartment vacancies are running below 3% of units?that agents do not have much to advertise anyway. Some florists say that funeral business is down about 10% because, though people still die, they are not honored with newspaper obituaries. A few weddings have been postponed because the parents felt they had earned a notice in the Times...