Word: ratings
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Dates: during 1970-1979
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...nation's money supply in an effort to slow inflation, to running the printing presses full blast when the economy seemed in need of a lift. But its new chairman, Paul Volcker, seems committed to a more consistent and tougher policy. Last week the Fed lifted its discount rate, the amount that it charges for loans to commercial banks, from 10% to a record 10½%, suggesting that even in the face of a business slowdown the board is at last determined to halt the excessive expansion of money and credit...
...once, in the midst of the Depression, in 1935. Yet since 1971, the combination of low productivity and high inflation has reduced both the supply and the competitiveness of U.S. products. Consequently, export growth has been sluggish, and foreign goods have poured into the U.S. at an ever increasing rate. Coupled with the nation's increasing dependence on foreign oil, this has meant that the U.S. has managed to eke out a trade surplus only twice since 1971, running up a cumulative deficit of $59 billion in those years...
...period from 1975 to the spring of 1979, when the third recession of the decade probably began, is often called "the longest peacetime expansion in U.S. history." Some expansion! Unemployment stands at almost 6%, and to keep the rate from climbing even higher than its 1975 recession peak of nearly 9%, both the Ford and Carter Administrations have had to stuff the people's pockets with almost as much inflationary funny-money, in the form of Government deficit spending, as was generated in all of World...
Laws that spew from legislatures at the rate of over 100,000 a year inevitably mean more lawsuits. Too many lawyers use their skills to drag out cases. The object may be to wear down a less well financed opponent, or put off an unfavorable judgment. Sometimes it is simply a matter of greed, of contriving any excuse to keep fees rolling in. Favorite devices include making endless pretrial motions on one or another point of procedure, obtaining postponements (continuances) from the court, requesting huge amounts of information from the other side in the pretrial discovery process, or just burying...
...nightclub whose name-it means "Birds of a Feather"-gives the film its title. The club features drag queens, notably Zaza (Michel Serrault), Dad's lover of 20 years. Zaza is so into his role that now, having reached a certain age, he is giving a first-rate impersonation of a menopausal hysteric...