Word: pasts
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Dates: during 1970-1979
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...writers in attendance. A reporter for the Santa Ana Register, for example, asked CBS Correspondent Charles Kuralt for his autograph. Though the networks probably spent $200,000 on the ten-day publicity binge, the gifts (rugby shirts and overnight bags) and entertainments (trips to Tijuana and harbor cruises) of past years were notably absent...
...inflation. But in the 1970s the economy has been plagued by inadequate expansion, persistently high unemployment and galloping inflation; indeed last week the Labor Department set the rise in consumer prices for all of 1978 at a full 9%, making it the second most inflationary year in the past three decades.* Why the enormous difference between the fat Sixties and the souring Seventies? Though no single factor can be assigned all the blame, one trend is now being recognized as supremely important: the growth of productivity has slowed sharply in this decade, and since 1976 it has almost stopped...
...much to do). But the annual report of the Council of Economic Advisers, submitted to Jimmy Carter last week and sent by the President to Congress with a covering letter, pretty well blew away that theory. Productivity, the CEA pointed out in the report, has not recovered during the past two years of expansion. In fact, productivity throughout the private economy rose only 1.6% in 1977 and a miserable .4% last year. Indeed, the report pessimistically suggests that the U.S. may be entering a new era in which productivity growth for many years will average no more than...
...things, deregulation of the trucking industry, which is likely to ignite one of the hottest fights in Washington over the next year or two. Stealing a march on the Carter Administration, the Massachusetts Senator last week outlined a bill to repeal the antitrust exemption that for the past 30 years has enabled groups of truckers to get together and set freight rates. As new chairman of the Senate Judiciary Committee, Kennedy has jurisdiction over antitrust matters, and perceiving deregulation to be a popular cause, he is eager to lead it. Illustrating his consummate political showmanship, he managed to get Nader...
...lines were permitted to enter interstate trade only if they could prove they would provide a service that existing carriers could not. Thanks to an antitrust exemption granted by Congress in 1948 truckers have been allowed to set their own rates, and they have prospered greatly. Indeed, over the past eight years the eight largest truck lines have earned an average of more than 20% a year on shareholders' equity, a return higher than that enjoyed by the leading firms in such high-profit industries as oil refining, auto, drug and computer manufacturing...