Word: pasts
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Dates: during 1970-1979
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About two dozen people strolled past a quartet of toothless old men outside Cothern's General Store in Riddleton to meet Gore inside the combination grocery store-post office-lending library. Bill Cothern, 30, the store's proprietor, protested the inflation. "How is the common man going to make it?" he asked. "The prices of stuff on my shelves is climbing. It's just disgusting. How much longer can we stand this?" Gore responded by asking how many in his small audience favored wage-and-price controls. All but two raised their hands...
...addition, an independent Philadelphia watchdog organization reports that 147 citizens died in police shootings between 1971 and 1978; according to Rizzo, 13 officers have been killed in the line of duty since 1971. The Justice Department in the past five years has investigated 210 complaints of police brutality in Philadelphia. Last year a delegation of the city's black leaders pleaded with then Attorney General Griffin Bell to take stronger action. On his orders, the department's Civil Rights Division opened an investigation that continued for eight months, culminating in last week's suit...
Economists, proud and powerful in the 1960s, now look like Napoleon's generals decamping from Moscow. Their past prescriptions ?tax tinkering and Government deficit spending to prop up demand, wage and price guidelines to hold down inflation?have been as helpful as snake oil. "Things just do not work now as they used to," says former Federal Reserve Chairman Arthur Burns, and who can contradict him? The U.S. economy, bloated and immobilized, has been turned topsy-turvy...
Despite the drop, the U.S. remains first in the international productivity league, but its lead is narrowing. Over the past ten years, nonfarm private productivity increased only 27%-the same as in Britain, but less than half as much as in France, West Germany and Italy and less than a quarter as much as in Japan. In 1950 it took seven Japanese or three German workers to match the industrial output of one American; today two Japanese and about 1.3 Germans do as well. Says Economist Arthur Laffer: "The U.S. is the fastest 'undeveloping' country in the world...
...spell success for Nigeria's reborn democracy, if he can curb the excesses of his party followers, who finished strongly in races for the federal senate and state assemblies. But it might also spell disaster if he permits the country to fall back into the fractiousness of the past. Says a Western diplomat in Lagos: "A lot of people have their fingers crossed on this...