Word: pasting
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Dates: during 1970-1979
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Arriving in San Francisco after having spent the past two years on an isolated Army post, I was unaware of the social status running [Sept. 11] had attained. This innocence led to alienation when I declined all invitations to "go run in the park." Not only did I lack satin shorts and expensive sneakers, I did not speak jog-ese. Here I've been, dressed in fatigues and combat boots, double-timing in platoon formation without realizing the social significance of my actions...
...alleged "steel crisis," the Wall St. Journal noted this past July 15 that the industry was operating at full capacity. Alperovitz even predicts the steel equivalent of a "refinery shortage" in the '80s, in which an artificially reduced number of steel plants will make a killing. The Carter Administration is doing its best to bring this about: Attorney-General Griffin Bell approved Lykes' salvage plan of merging with LTV Corporation, despite the ruling by his own Antitrust Division that the merger was illegal because LTV operates Jones and Laughlin Steel...
ALPEROVITZ's other major research project also concerns counter-productive profit motives, in regards to inflation. Contrary to Keynesian and neoclassical theory, Alperovitz believes government budget deficits have had little to do with the inflation of the past six years. The four necessities--food, housing, energy, and health care--account for over 80 per cent of inflation, he maintains. In health care, for instance, there is no check on greed--third parties, the insurance companies, pay for most treatment, and doctors and hospitals charge whatever the "market" will bear. The result: spiraling insurance premiums and profits, soaring medical costs...
...understand that, but the fact remains that you could line me up in a sweep that year against any of those guys--and I could run right past...
...committee wouldn't be the real thing if it did not have some issues on which to disagree, and if their past actions are any indication, the committee members will have some lively discussions ahead...