Word: newe
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Dates: during 1970-1979
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...Meryl that her friends know well. She ducks formality whenever she can and prefers rolled-up jeans and canvas shoes to the sleek clothes she wears in Kramer. Sensitive to a variety of women's issues, she speaks forcefully about sexism in films and the need for new methods of male contraception...
...Advertising campaigns, such as the one for Black & Decker power and home workshop tools, increasingly stress quality and craftsmanship. Thom McAn, once the proud purveyor of low-cost shoes for kids, now also promotes upscale footwear for women, and ads extoll features like cushioned and arched insoles for its new line of track shoes. Maytag Co. commercials emphasize that their repairmen are "the loneliest people in the world" because the company's washing machines are so well made that nobody needs to have them repaired. Whirlpool, which also produces washing machines, links craftsmanship to patriotism. Its commercials show inspirational...
...sharply declining. With prices rising dramatically and the nation's economy slowing, people at last are conserving energy. Gasoline consumption in October was down almost 8% from year-earlier levels; diesel and home heating oil sales were off 6.9%. Meanwhile, the Environmental Protection Agency gave permission to New England's largest power plant, the Brayton Point utility in Somerset, Mass., to conserve more oil by converting two of its four generators to burn low-sulfur coal. The energy supply picture also looked a bit brighter because Texaco announced a new find of natural gas in the Baltimore Canyon...
...Chase Manhattan Bank. The syndicate voted to declare a $500 million loan to Iran in default for failure by Tehran to pay some $4 million in interest charges. The Iranian central bank retorted that it had instructed the Chase to transfer the needed funds from an Iranian account in New York to Chase's London branch where the interest was owed, but that the U.S.'s freezing of its assets had prevented the transfer. Asserted an official bank statement released in London (before Banisadr contradicted it): "There is no intention on the part of the Iranian government...
Such congressional action reflects the public's new antiregulatory sentiment. The FTC has come to epitomize all the problems of Government regulation run amuck. This new notoriety represents a strange metamorphosis for a body that in 1969 an American Bar Association commission condemned for inactivity and Ralph Nader's Raiders ridiculed as "the little old lady on Pennsylvania Avenue." Established in 1914, the FTC for most of its history was a largely ineffective agency that rarely used its powers to curb deceptive advertising and to press antitrust cases. In 1975, however, Congress broadened the commission's mandate...