Word: mid-1970s
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While these travails are felt most acutely in the U.S., the situation is common to nearly all Western nations. Since the mid-1970s, industrial economies have grown about as well as wheat in a drought, while inflation has expanded dangerously. Even countries that have adapted best to recent economic problems, notably West Germany and Japan, suffer inflation or slow growth. The world money system that functioned like a Swiss watch for a quarter-century has been sending off alarms. Gold, the barbarous relic that Shakespeare called the "common whore of mankind," has become the refuge for a world fearful...
Stewart took up his post in Lebanon's battle-scarred capital just two months ago, but his arrival was a kind of home coming: he had reported from that city in the mid-1970s, shortly before Lebanon's civil war erupted. Says he: "The most startling change I've seen has been the rise of the Palestine Liberation Organization, which now functions here as a state within a state." Also filing from Beirut was Abu Said Abu Rish, a Palestinian who has reported for TIME since 1950; he joined Stewart in interviewing P.L.O. Chief Yasser Arafat...
...hadn't thought about it that way," I admitted. "With Ford, you would have gotten the mid-1970s again. They weren't so bad. I was young, not much more than 40, when good old Jerry took over. No one knew which was Iran and which was Iraq. I took a 2,000-mile vacation in a camper that got eight miles to the gallon...
...twenty-year layoff from active participation barely affected Oyakawa, who in the mid-1970s turned in a respectable 1:03 for the 100-yd. backstroke, just five seconds off the 58 flat that won him a third consecutive NCAA title in 1955, when he captained the Ohio State Buckeyes' ninth national swim crown...
...wake of revelations that the Central Intelligence Agency had spied on Americans at home and tried to assassinate foreign leaders abroad, Congress and the President in the mid-1970s reined in U.S. spy agencies-altogether too tightly. Now, many Senators and Congress men are determined to loosen the hold...