Word: rate
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Dates: during 1970-1979
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...value? Certainly not in a savings account. Had Phineas T. Barnum lived today, his famous dictum might well have been: There's a saver born every minute. In the inflationary 1970s, savers are suckers who stand to lose. If inflation should continue at February's 15.4% rate, every dollar put into a bank at 5¼% interest will become 91.4? in real money a year from now-and a lot less than that after taxes are paid on the interest...
...switch from oil and gas to coal for generating electricity and for heating. In terms of energy content, coal is indeed a bargain compared with other fossil fuels. A ton of coal contains about the same amount of energy as 4 bbls. of crude oil, but at the going rate of about $25 a ton for most existing long-term delivery contracts, coal is only half as costly as OPEC crude. Unfortunately, the savings are offset by the huge costs of transporting and burning coal, and the tax incentives that the Administration proposed to ease that burden were woefully inadequate...
...percentage of untreatable patients. Many of these hapless people, in addition to their mental problems, are poor, infirm or alone and without any basic social skills to survive in the outside world. The drive to empty the hospitals may have gone as far as it can go. The readmission rate is up from 25% in 1960 to more than 65% today, which may indicate that too many have been released. As many as half of those discharged are now living alone, without the family support that psychiatrists think is essential for them to function. Says Talbott: "These poor patients...
Meanwhile, the level of care at the state hospitals is getting worse. As storage centers for the hopeless, the hospitals are easy targets for cost-cutting state legislatures. Also, fewer first-rate psychiatrists want to work where the possibility of cures is so remote. Foreign psychiatrists, some of them unlicensed, have flocked to these institutions. Many, to be sure, do extremely competent work. Spanish-speaking doctors, for example, have been able to provide better levels of care for Hispanic patients. Nonetheless, the overall quality of these foreign doctors has raised a clamor for legislation by Congress that would stop...
Partly with such objections in mind, the board recommended that as in-vitro research proceeds, the public must be informed of any evidence that IVF produces a higher rate of abnormal children than natural reproduction. It also proposed three other significant safeguards...