Word: progressions
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Dates: during 1970-1979
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Though life for the average person is spare and hard by any standard, the benefits as well as the hardships of China's progress have been distributed with a minimum of inequality. The average factory worker makes a meager $28 a month; the average peasant living on a commune about half that. Essentials, like food, medicine and housing, cost next to nothing and, to the envy of the rest of the world, have not increased in price in 20 years; yet "luxury" items, such as bicycles or radios, can soak up months of savings. The average urban worker...
...announcement of his Noble Prize, Leontief expressed cautious optimism about the possibility of more radical economists gaining posts at Harvard, and said the Economics Department was "slowly beginning to open its doors to economists with different views. In the year-and-a-half since that conference, however, little progress has been made toward hiring more radical economists, and Leontief last night said he is "disenchanted...
...Egypt, which the P.L.O. worries may get too far ahead of its Middle Eastern partners in disengagement talks with Israel. Arafat and the Palestinians were presumably heartened last week when Egyptian President Anwar Sadat, in an interview with the Beirut newspaper an-Nahar, set a three-month deadline on progress in disengagement negotiations and demanded simultaneous Israeli withdrawal on all three fronts...
...Lynn, Mass., the W.T. Grant Co. had never failed to ring up an annual profit. Indeed, until recently it had been pursuing a headlong expansion program. But last week Chairman James G. Kendrick confirmed rumors that had been sweeping the industry for months: Grant's profits and progress had both come to a thudding halt. After a grim meeting with Grant's bankers at the chain's new Manhattan headquarters, Kendrick said that the company would report a loss of $175 million for the past year. In a massive retrenchment program, it would also shut down...
...implacable tactician while amply describing the depredations that Uncle Billy's "bummers" committed as they marched to the sea. Sherman, says Foote, "hoped to keep nonmilitary damage to a minimum, but he made it clear that if guerrillas or other civilians attempted to interfere with his progress, 'then army commanders should order and enforce a devastation more or less relentless.' " Sherman's people got the idea. All over the countryside, Yankees were seen jamming rods into the earth, searching for the jewels and silver that plantation owners' wives had buried. One Yankee veteran declared: "This...