Word: sluggish
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Dates: during 1970-1979
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Though no one in the Administration is ready to cheer a yawning trade gap and a weakening dollar, Treasury Secretary Michael Blumenthal and other top officials are by no means upset by them. They believe the best way to perk up the sluggish world economy is for the relatively well-off nations to buy more from depressed countries by either revaluing their currencies (to make imports cheaper) or expanding their economies faster (to increase demand for foreign products). The main reason for the big U.S. deficit, Treasury officials contend, is that the American economy has been growing at a much...
What is a maharishi to do when sales start to grow sluggish? One answer: announce a shiny new product. Maharishi Mahesh Yogi, the founder and guru of Transcendental Meditation (TIME cover, Oct. 13, 1975), has done just that. TM monthly enrollment slid from its 1975 peak of 40,000 trainees a month to a low of 4,000 this year, partly because the Maharishi invited several thousand of his teachers to TM headquarters in Switzerland to acquaint them with the organization's new wares. The teachers have now brought those wares to the American market: lessons that will lead...
...Establish precise deadlines for the board to schedule union-representation elections when a union has signed up the required 30% of the employees in a workplace. At present, action on some of these cases is sluggish...
...airlines. Parking: inadequate. Close-in covered garage with valet service, two far-out lots with frequent shuttle-bus service. Flow Through: fair. Curbside checkin. No baggage carts. Two terminals linked by shuttle buses, one 500-ft. moving sidewalk leading to concourse area. Longest walk: 1,500 ft. Baggage checkout: sluggish. Hotels/Motels: sufficient. Hilton Inn right next to airport. Ten within 10 min. Amenities: middling. Standard lounges. Snack bars and coffee shops, two open 24 hr. Excellent Omelette Parlor (omelettes from $2.25). Best restaurant: International Room, attractive, expensive. Eight bars, largest open...
Inflation is raging at an annual rate of about 30%. Nearly 8% of the nation's work force is unemployed. A deep and chronic balance of payments deficit ?caused largely by oil-price hikes and sluggish exports?threatens the long-term solvency of a nation vitally dependent on foreign trade. To make up for a record $4.3 billion budget deficit last year, the government had to draw on reserves (now down to $4.5 billion from a peak of $6.7 billion in 1973) and borrow heavily abroad...