Word: producting
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Dates: during 1970-1979
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...drawing fire were born in the mid-1960s and early 1970s, when the focus turned from industry control to social reform and a large number of new bureaus were formed, including the Environmental Protection Agency, the Occupational Safety and Health Administration, the Equal Employment Opportunity Commission and the Consumer Product Safety Commission...
...than on modern machinery that will produce goods more cheaply and efficiently. While that may appear to be an acceptable tradeoff, it leads to fewer jobs for the unemployed and fewer technical discoveries that will benefit the nation. Yale Economist Paul MacAvoy estimates that the shift of investment from productive projects to programs mandated by regulation has cut the growth of the U.S. gross national product by one-quarter to one-half of a point every year since the early 1970s...
...Consumer Product Safety Commission's 1974 ban on the use as a propellant of vinyl chloride, shown to be the cause of a rare form of liver cancer, from a host of aerosol products...
...perfect society. Even before the money came in, they started spending it to enhance an elaborate social-welfare system that has given them one of the world's highest living standards. But the state budget crept up, until today this system takes an astonishing 54.9% of the gross national product. Belatedly, Norwegians discovered that they were living well beyond their means...
Hashish, according to a character in The Stiff Upper Lip, "is the biggest growth product in France." A runner-up might be basketball, le basket, which the French have discovered with delight and ineptitude. As Private Detective B.F. (for Benjamin Franklin) Cage soon finds out in his third adventure sponsored by Peter Israel, the two trades can be slimily and bloodily involved...