Word: results
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Dates: during 1970-1979
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Space is tight, and hoteliers are smiling because of the boom in business travel and conventions, which together bring well over half of the business. As a result, the squeeze is worst on working days. Tourism is also up because of the decline in airfares, and the devaluing of the dollar has lured many foreigners to U.S. hotels. A record 2 million people from abroad visited New York City last year, an increase of 8% over 1977. Says a manager at the chic Beverly Wilshire Hotel, where foreign guests have risen from 10% of the clientele ten years...
...working after 65 but is failing to do the job. Under the law, he or she can be retired but can then sue, claiming that age was the only reason for the dismissal; the employer will then have to convince a jury that other factors were involved. As a result, bosses are planning to keep a closer watch on their older workers. Paradoxically, they may warn, demote or even talk into early retirement a 63-year-old, say, who is slipping. In the past, an employer could close his eyes to that worker's failing performance in the knowledge...
While the U.S. is tamping down its economy to fight inflation and strengthen the dollar, Western Europe is beginning to emerge from the stagnation that began when oil prices were quintupled in 1973-74. The result will be "a scissors movement"-Europe's economies will move up, while U.S. growth declines in 1979. This metaphorical prediction, from the 24-nation Organization for Economic Cooperation and Development, is one of the most optimistic forecasts that the Old World has seen in years...
...more than is strictly required. First Novelist William Wharton (the pseudonym of a Philadelphia-born painter now in his mid-50s and living in Paris) is nothing if not audacious, and his skills and determination make good on promises. Like his afflicted hero, Wharton tries the impossible, and the result, though linked to earth, mysteriously soars...
Translation: The eternal prognosticating game has just finished going berserk again. It does so at every turn of the year. The result, as the honest-to-God gleanings from the popular press above and below suggest, is that 1979 stands revealed in marvelous detail. Even before the old year has been digested, the new can thus be consumed. A few of the prophecies-who knows?-may even tell something of the future. In any event, the reveling in revelations tells a good deal about Americans...