Word: micro
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Dates: during 1970-1979
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...Jefferson Airplane, reveals in Stereo Review that she once tried to turn on the President. Tricia Nixon had invited fellow alumnae of Manhattan's Finch College to a White House party, and Grace took along Abbie Hoffman as escort. She also brought 600 micro-milligrams of LSD for the tea. White House guards, Grace claims, threw her and Hoffman out. "Boy, were they right," said Grace. "I really would have done it. I figured the worst thing a little acid could do to Tricia is turn her into merely a delightful person instead of a grinning robot...
...public contact and the employers will not hire him, he has voluntarily restricted his chances of finding work." Hence the longhair is not entitled to unemployment insurance. The state office in Sacramento is backing Hammond. Only 3% of the employers surveyed want to hire girls who wear midi or micro-mini skirts either, but for the moment they are chivalrously being kept on the unemployment rolls...
...Another male group, also called POOFF (this time, for Professional Oglers Of Female Figures), has been formed by what its founder, James Knight, describes as "a group of unsanitary senior citizens, all of whom agree that the stock market goes down with hemlines and who would gladly vote for micro skirts above...
...Mini-Micro. Now Walter Heller makes this forecast: real G.N.P. may decline at annual rates of 0.5% this quarter and next, on top of a drop at an annual rate of 0.4% in the last quarter of 1969. An upturn will begin in the second half, fueled by higher Social Security benefits and the scheduled July end to the income surtax. By the fourth quarter, the rebound will have "visible means of support." Dollar G.N.P. for 1970 will run between $980 billion and $985 billion, about $5 billion below the most common forecast of board members last December, but just...
...past two decades. Industrial production dropped as much as 15%, corporate profits fell 21% to 30%, and unemployment rates hit peaks of 6% to 8%. Heller says it is a toss-up whether the situation the board majority foresees should be called a recession; he suggests "mini-micro recession." The important thing, adds Pechman, is that 'the U.S. is experiencing "a policy-induced pause" because of severe monetary and fiscal restraint on a naturally ebullient economy, rather than the more dangerous type of recession that is caused by basic weakness in business...