Word: spent
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Dates: during 1970-1979
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...They spent even though real personal income declined. Americans fought against the shrinking of their incomes in three ways: they sent more and more spouses to work; they drew down their personal savings; and they plunged more deeply into debt. But these defenses are rapidly being exhausted. Fully 60% of all U.S. women aged 20 to 64 hold paying jobs; not many more housewives are in a position to go to work. Savings have declined since the early 1970s from 7.4% of income to a modern low of 4.3%. Consumer installment credit has surged from $210.8 billion...
Their growth prospects evaporated largely because many industries became increasingly outmoded and continued to lose their edge in global competition. America was living off its accumulated capital stock, a consequence of its people's unwillingness or inability to save and invest. While the U.S. spent scarcely 10% of its national income on new factories, mines, tools and transportation systems, its allies and competitors the West Germans and the Japanese were investing 15% and 16.2%, respectively, of their incomes in such capital goods. One result: U.S. productivity, which had risen an average 3% a year in the 1960s, declined...
DIVORCED. Actress Candy Clark, 32, blond confection in American Graffiti; and Marjoe Gortner, 35, child evangelist turned actor; after 20 months of marriage, eleven of them spent apart; in Los Angeles...
Less flamboyant than Farmer, Morris is no less intense. Before her 8:15 a.m. arrival at her Atlanta office, she puts in an hour on the telephone at home; most weeks she works six days. Her commitment to the struggle against capital punishment is a natural outgrowth of years spent in the civil rights movement with her husband John, an Episcopal, priest who works for the U.S. Health and Welfare Department. Those familiar with her work insist that she plays a unique role in the death penalty fight. Says Jack Boger, an L.D.F. staff attorney, "I wish there were someone...
...Systems Group near Los Angeles. The young man's duties included handling coded messages from the CIA about spy satellites. He worked in a room called the Black Vault, off limits to all but half a dozen TRW employees. The group found plant security so lax that they spent their days getting drunk on booze smuggled in via a CIA pouch, mixing daiquiris in a document shredder and selling Amway household products over the secure telephone line. Chris was sometimes sober enough to be appalled by the messages he was handling: the CIA was spying by satellite on friendly...