Word: specters
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Dates: during 1970-1979
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Dominating the experts' discussions -as indeed it does all U.S. military planning-was the specter of the Soviet nuclear buildup. In 1965 the U.S. enjoyed about a 4-to-1 lead over the Soviets in strategic nuclear missiles; today the Soviets deploy 1,477 land-based intercontinental ballistic missiles (ICBMS), compared with 1,054 for the U.S., and the Russian lead in submarine-launched nuclear weapons is 909. v. 656. The main American advantages remain in its bombers (417. v. 140). the accuracy of its missiles and the number of warheads (9,000, v. 4,000). But many...
...specter is haunting the tens of millions of Americans who are now sitting down to figure out their income taxes for 1977. Of the 88 million people who file income tax returns, more than 2 million will eventually receive a deceptively amiable form letter from the Internal Revenue Service that reads in part: "We are examining your federal income tax return for the above year(s) and find we need additional information." Translation: these taxpayers' returns for 1977-or perhaps as far back as 1975 -will be audited. Two out of three of those chosen will be assessed higher...
...industrialization has been transformed into a military superpower that produces more steel, crude oil, manganese and honey than the U.S. Another Marxist-Leninist state, East Germany, now ranks as the world's 17th industrial power (measured by gross national product), while China's Communists seem to have banished the specter of recurring famine...
Uniquely, greater Washington's economy improves in both good times and bad. Not by magic. Public problems are to Washington what oil and gas are to Texas. In Washington the fuel crisis that is but a specter everywhere else takes the shape of a new Department of Energy. Somehow the city does not need to fear the economic cycles that batter the rest of a country. Why not? Well, as the New Republic put it, "Washingtonians live outside of the law of supply and demand...
Little whizzes raise the specter of buggy whips...