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Nikita Khrushchev was a man never short of bold ideas. In 1961. Dismayed at the pace of agricultural output, Khrushchev summarily promulgated one of his boldest: The Ministry of Agriculture would be relocated from its quarters in Moscow to a farm in Milkhailovskoe; similar plans were announced for the regional ministries of Agriculture and the Agricultural institute. "From the asphalt to the land," went the slogan. Innovation by shuffling location: surely, a bold idea. Also an incredibly stupid one, which created only greater chaos than had existed previously...
...these trends have created an "industrial reserve army" -- to borrow a term from Karl Marx -- so large that a quite extraordinary and prolonged surge in output would be required to put all its members to full- time, well-paid work. Two indications of the yawning chasm between job supply and demand, in Detroit alone: in October, the Detroit Post Office handed out 20,000 applications for such jobs as clerk, sorter and letter carrier, even though it announced it would have at most a few hundred openings and that some of them would not be filled for three to five...
...children of the '50s became the moviegoing teenagers of the '60s and '70s, however, Hollywood's output of musicals shrank radically, and the genre had its last hurrah as an effectively two-woman industry: there were Julie Andrews musicals (Mary Poppins, The Sound of Music, Thoroughly Modern Millie), and there were Barbra Streisand musicals (Funny Girl, Hello, Dolly!, Funny Lady), and that was about it. Grease, a distant 15 years ago, was the last traditional movie musical to become...
...most controversial -- migrants to Mexico have been the automakers and other big manufacturing firms that have built assembly plants, or maquiladoras, along the border and employ low-wage Mexican labor. This process has been going on for more than 20 years. The factories export the vast bulk of their output, basically duty-free, back to the U.S. Some 2,200 maquiladoras, most of them American-owned, employ more than 500,000 Mexican workers. Not only has the shifting of the facilities to Mexico cost some Americans their jobs, but lax environmental standards and poorly enforced regulations have turned large stretches...
...economy picked up during the summer, expanding at a 2.8% annual rate despite floods and droughts that cut agricultural output, the Commerce Department announced. Inflation sank to a 1.8% annual rate, the lowest since 1986. On the strength of that news and of strong corporate-earnings reports, the Dow Jones industrial average hit two record highs and briefly crossed the 3700 barrier...