Word: muggers
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Dates: during 1970-1979
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...crowds that are thronging the stores. K mart has rung up a sprightly 13.7% increase in retail sales so far this year, and even laggard Sears, Roebuck reported a 3.7% monthly rise in November, its biggest gain in more than a year. So where is the recession? Like a mugger, it could be lurking around the next quarter if it has not already pounced. Real personal earnings are down nearly 5% from last year, and there are signs that consumer spending is still powered largely by the inflationary psychology of buy now or pay more later. Even as they report...
Still, fielding darts from captious intellectuals was not quite the equivalent of facing bullets or a mugger's knife. Why then, ponders Podhoretz, did so many liberals let themselves be intimidated? He devotes much of his book to searching for an explanation and concludes that intellectuals suffered a failure of nerve. When confronted, they would not fight for their beliefs, especially if the opposition came from the left, which was supposed to be on the side of justice and humanity. They would not defend the integrity of thought against crude up-against-the-wall sloganeering...
Inflation, the nation's inescapable mugger, has been ripping off Americans' buying power at a painful 13% annual rate for the first three months of the year. Now the rampage is waning, but it is far from over. That is the conclusion of the TIME Board of Economists, which met in Manhattan last week to examine the future course of business. Board members cautioned that, although the rapid rise in prices will slow, inflation will continue at a punishing double-digit pace into summer and remain a burden for at least the next two years. Says Joseph Pechman...
Wearing red berets as a badge of office, the original 13 went into action last Feb. 13, with three teams patrolling what is known as the Muggers' Express, the No. 4 IRT train from Woodlawn in The Bronx to Atlantic Avenue in Brooklyn "We stopped a mugging the first night a 167th and River Avenue," one patroller remembers. "We asked the conductor to signal ahead to the next station, where we handed the mugger over to the transit police." A week later, they suffered their first casualty...
Many Americans harbor an unwholesome and even dangerous contempt for the justice system. Neither criminals nor victims have much faith in its workings: the one class does not fear it much, and the other does not trust it. A mugger leaves a victim crippled, life blighted, and bound to ruinous expenses for treatment. Through plea bargaining and parole indulgences, the attacker emerges from his "punishment" in a matter of months or less, to resume his career. The social contract gets badly tattered in its passage through such a system...