Word: product
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Dates: during 1960-1969
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...Democratic contest was nearing a possible shakedown. In the past, McCarthy has genially admitted that he and Kennedy are not far apart on basic issues, but last week he associated the New Yorker with the "disastrous" policies that led to the war. "Those policies were not merely the product of specific misjudgments," he said. "Rather, they grew from a systematic misconception of America and its role in the world. I am not convinced that Senator Kennedy has entirely renounced that misconception...
...equation. But it is provocative. The Chicago Tribune found it "as thoughtful and intelligent a political appraisal as we are likely to get this year." The New York Times mulled the proposal over and concluded that it is "intriguing but implausible political speculation." Ted Sorensen decided it was the product of a "Nixon mimeograph machine that ran amuck one night...
Much of what ailed Gaullist France was economic. Under De Gaulle, the gross national product has more than doubled, from $49 billion in 1958 to about $108 billion in 1967?at the cost of much stress. De Gaulle hoarded gold, attacked the dollar, and did his best to keep the franc invulnerable. The nation's growth rate, which had climbed above 7% in the early 1960s, last year sank to about 3.5%. Consumer prices have shot up 39% since 1958 v. only 18% for the U.S. For a while, the workers shared in the fruits of Gaullism, and many bought...
Though the Aussies show no sign of pulling out of Viet Nam, Gorton has begun to have doubts about Australia's role. He has grumbled about the country's rising defense costs (currently $1.2 billion a year, or 5% of the gross national product). That is only half the rate of U.S. defense spending. But Conservative Gorton cannot easily ignore Australia's long tradition of small military budgets-or the Labor Party opposition dedicated to keeping them that way. Gorton has also expressed misgivings about spending some $250 million for 24 of the U.S.'s controversial...
...Neurotic. The country's astonishing postwar recovery-Japan last year achieved a $114 billion gross national product, ranking only after those of the U.S., Russia and West Germany -has been nurtured in a sort of industrial hothouse, where government controls have fended off competing goods and capital from abroad. Now, under pressure from Japan's world trading partners, the government has begun the first of several "liberalization" steps to knock down barriers to foreign capital...