Word: rate
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Dates: during 1970-1979
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When Adams' first portfolio, Parmelian Prints of the High Sierras, was privately published in 1927, he was a fine technician who did not know much about the history of his own medium. He had not seen, or at any rate had not noticed, the work of his 19th century predecessors, Western landscape photographers like Carleton E. Watkins and Timothy H. O'Sullivan. He was still influenced by the so-called pictorialists, photographers given to arty blurs and poses. He also disliked the canonical painters of the American sublime, Bierstadt and Moran. "Indians and bears walking out to the edge...
Forget aspirin, penicillin or tranquilizers. The true wonder drug, in the eyes of all too many people, is one that promotes weight loss. For a while amphetamines seemed to provide that miracle, until doctors began warning of their severe side effects, which include increased blood pressure and heart rate, a dependency on the drugs, and bouts of depression when the pills are withdrawn. Now magical diet potions are being promoted in a new and, according to some doctors, alarming form. To make matters worse, they can be had for the asking at almost any drug counter...
Such cutting seems to become more imperative each month. The Government reported last week that consumer prices rose 1% in July, which is an annual rate of 13.1%, and thus extended the present stretch of double-digit inflation to a full seven months. At the same time, the spending power of Americans has continued to decline. Mostly because of inflation, but also because taxes have been creeping upward, the actual buying power that people have been getting from the money in their paychecks has declined by nearly 4% over the past twelve months. So more and more, almost...
...suffering through a sharp slump, retailers are reasonably happy. In fact, retail sales in July were actually 11% above what they had been in the same month last year, though much of that increase simply reflected higher prices. Moreover, Americans are still piling on installment debt at the brisk rate of $5 billion a month. Indeed, by the end of June they were in the hole for a record total of $292.5 billion, which is hardly a sign of consumer panic...
...difference. In real terms, incomes have simply risen much faster in Europe than in America. According to the Paris-based Organization for Economic Cooperation and Development (O.E.C.D.), between 1972 and 1977 the annual increase in the average hourly wage in the U.S. was less than 1% above the inflation rate. But in Europe, wages have stayed ahead of prices by much greater margins: more than 5% in France, Belgium, Norway and Italy, and over 3% in Germany...