Word: product
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Dates: during 1960-1969
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...Warren P. Knowles, has proposed the principle of "voluntaryism," a term he borrowed from George Taylor. "In my judgment," says Feinsinger, "a voluntary agreement not to strike is much more apt to work than a system of fines or imprisonment. This is because a no-strike agreement is the product of negotiations and not imposed from above." Feinsinger would introduce what he calls a "neutral," appointed by both sides, who would audit negotiations as a detached and dispassionate observer, making nonbinding recommendations on request. In the event of a bargaining deadlock, the neutral could break it, again by common consent...
...Johnson Administration seems not in the least worried by the prospect of a mild downturn. Rather, it is almost obsessed about the danger of runaway inflation. For all of 1968, President Johnson's Council of Economic Advisers foresees a record gross national product of some $846 billion, an increase of more than 7.8% over last year's G.N.P. Of that, real growth is expected to be a healthy 4%-with inflation accounting for the difference...
Eric Lerner's Ten Years After the Party deviates bravely from the rule about writing what you know, and the resulting incredibility--a product of both vagueness andinaccuracy--takes fully an act to overcome. Much in the '30's style, with a measure of Arthur Miller, Lerner has attempted a well-knit family drama tackling a coherent question: is exile a valid means of protesting repression? Lerner narrows in on this subject through the character of an 18-year-old anti-Nazi whose conviction derives largely from jealousy. The secondary theme is thus the effect of personal motives...
...system has paid off. Since 1952, its gross national product has risen at an annual rate of 8.5%, while per cap ita income has climbed 4.4% a year...
Reversing History. When Henry Ford presented his prize catch to newsmen, he recalled the precedent set by Bunkie's father. Big Bill Knudsen had worked for ten years at Ford, rising to production manager, before he quit in 1921 after Henry Ford I had rejected his advice to abandon the Model T and broaden Ford's one-product line. Moving shortly to General Motors as vice president of Chevrolet, Knudsen gave Chevrolet the pickup that put it ahead of Ford. His reward was G.M.'s presidency. "Today," said Henry Ford II, "the flow of history is reversed...