Word: newe
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Dates: during 1970-1979
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...painful process: out with the old to ring in the new...
...flab, U.S. industry has fallen behind some of its world-class competitors. Many steel, rubber, auto and other essential plants have become outmoded because not enough capital has been invested in them. If the nation is to restore its technological edge, U.S. industry will have to modernize by building new factories and closing inefficient plants...
...cope with shrinking purchasing power and vanishing nest eggs does not have to worry about where his-or her-next Mercedes 300 is coming from. In women's magazines, articles on sex have almost taken a back seat to advice on money management. Bookstores are crammed with many new volumes about the joy of cash and the juggling of credit. But among the surfeit of get-rich guides and Chicken Little screeds, at least five books merit attention...
Sylvia Porter's New Money Book for the 80's. This syndicated columnist's 5-lb. doorstopper sells for a hefty $24.95, and anyone with the stamina to lug it home probably will not need any other money guide. Written for a reader who seems to know absolutely nothing about personal finance, Porter's 1,305 pages-completely updated and revised since the publication of her bestselling Money Book in 1975 -cover budgeting, energy saving, career planning, investing, dressing well for less and even dying thriftily. (She recommends preplanning the funeral and discussing costs in advance...
...pages devoted to owning a house, for example, dispatch property insurance in four paragraphs. Retirement planning in Myerson's view seems to consist only of setting up a tax-deferred IRA or Keogh Plan savings fund. The former Miss America and ex-commissioner of consumer affairs for New York City is hardheaded about bargaining over terms, especially when buying a home. Counsels Myerson: "If you find the house fails to meet certain standards, you should not immediately cross it off your list. But, armed with the information of what is needed to bring the house up to high standards...