Word: quarters
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Dates: during 1970-1979
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...nature abhors a vacuum, as is said, it does not always do so in a predictable way. Consider Korea's Demilitarized Zone, which stretches for 151 miles near the 38th parallel, between North and South Korea. For a quarter-century, two armed adversaries have sullenly, sometimes violently, confronted each other across its 2.5-mile width. The sights of innumerable guns sweep it constantly. Observation planes patrol along it daily. But human beings never stay there for long. And because it is so totally a no man's land, the DMZ is not abhorred by nature...
...befits a society of laws, has always been a litigious land. But the past quarter-century has brought a particularly explosive burst of growth in the legal industry. Since the mid-1950s the courts have discovered a spate of new constitutional rights, protections and entitlements for whole groups of people?for example, disenfranchised voters, women, Latins, prisoners, children, mental patients. Countless others, emboldened by seven-figure awards in personal injury suits, have gone to court in quest of what San Francisco Defense Lawyer Scott Conley sardonically calls the "pot of gold at the end of every whiplash." At the same...
...Steel did have one justification for its original price boost: its steelmaking operations lost $45 million last year, and companywide profits hit a 30-year low of $138 million. The company has announced that its first quarter was "unprofitable." If U.S. Steel is indeed forced to back down now, it or some other steelmaker might well try to post further price increases in the summer or fall. The Administration's reaction could be most picturesque...
...says one Commerce Department economist, the nation has gone through "a punk quarter." Ice and snow so snarled transport, and the coal strike so curtailed electricity that national production showed little growth. Otto Eckstein, head of Data Resources, Inc., calculates that real Gross National Product rose only 1.5% in the first quarter. With the snow melted and miners back at work, Eckstein thinks real G.N.P. will show a catch-up surge of 7.5% from April through June. For the year, real G.N.P. is still likely to rise around 4.5%. The trick will be to keep inflation from speeding...
...shining, the quarter is almost over and an enterprising band of seniors at the University of California at Davis is merrily quaffing homemade ale amidst the beakers and burners of a science lab. But wait. One of them is throwing his brew down the nearest sink. Has the ale addled his head? Have the suds gone stale...