Word: rationalize
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Dates: during 1960-1969
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...week's end record-book custodians were arguing over what book Breed-love's record belonged in. The Fédération Internationale de l' Automobile said no, Spirit is not an automobile, because it has only three wheels and none of them is driven directly by the engine. The Fédération Internationale Motocycliste said of course Spirit is not an automobile-it is a motorcycle and, hélas, a motorcycle that can beat any automobile. Breedlove only shrugged. He was finally going to take a vacation. "If someone breaks my record...
...vital textile dyeing industry lost an estimated $1,700,000 in the first four months of this year. The only brewery faces curtailed production, and deliveries of soft drinks have fallen 60%. The reservoirs are so nearly dry that Hong Kong authorities last week imposed a strict new ration on the city: four hours of running water every other day. In private homes water is used first for bathing, then for washing clothes, finally for gardens. Ordinarily. Hong Kong buys 5 billion gallons of water annually from Red China's Shumchun Reservoir, just across the border. Last month...
...free capital market. Its many family-held enterprises have long preferred to scrimp to finance expansion out of profits rather than to float stock issues that might bring in outsiders. Many of today's rigid controls are a heritage of the desperate need of postwar European governments to ration every asset. Now that more capital is available, most of it is soaked up by expensive government welfare programs. Little risk capital comes from wage earners, who are still wary of risking their savings on the Continental bourses...
...China's masses last week had much in common with the subjects of the famous fairy-tale emperor: everybody was talking about new clothes, but nobody could actually see them. After three years of bad cotton crops, the annual cloth ration has shrunk to as little as 2½ ft. per person in some regions-"just enough," said one refugee, "to patch our rags." So severe is the shortage, according to the official Peking People's Daily, that "clothes hospitals" are making "short-sleeved shirts out of long-sleeved shirts, a vest out of a short-sleeved shirt...
...timeworn style, Communist Party Chairman Mao Tse-tung's lieutenants blame drought, hailstorms and insect blights for cutting the ration from a manageable 20.65 ft. in 1957 to its present handkerchief size. But Red China's frayed look also owes much to a deliberate decision by its leaders. "When the bad crops began in 1959," explains one Western expert in Hong Kong, "cotton and cloth was one place where you could squeeze the people." Peking squeezed hard, cutting back cotton acreage at least 20% so that every spare clod of earth could be sown to grains. The result...