Word: standardization
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Dates: during 1970-1979
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VOLCKER ASSERTS U.S. MUST TRIM LIVING STANDARD --New York Times, October...
Nader said the companies have ignored market prices since the time John D. Rockefeller's Standard Oil monopoly at the turn of the century. Large companies expand further by buying out smaller companies, he added...
Money alone will not turn the Caribbean into paradise. After all, Puerto Rico gets more than $1 billion in federal aid, but unemployment hovers at 18% and the living standard is well below that of the mainland U.S. Still, there is a growing recognition by the Administration that "poverty is the real menace" -to cite the words of Francisco Peńa Gómez, secretary-general of the Dominican Republic's ruling party. As one policymaker puts it, "There's a feeling that the U.S. should get more involved with a country like Nicaragua or a Caribbean...
...productivity increased at a rate of 3.1% annually from 1955 to 1965, it increased at only 2.3% from 1965 to 1973. So far this year, productivity has been declining at an annual rate of more than 3%. As the congressional Joint Economic Committee warns, without productivity growth, the American standard of living will decline in the 1980s...
McKay, driven mad by his bees, returns to the East. Once removed from the constant press of the wilderness, he becomes a standard of social stability. "In the midst of this epoch of disintegration, McKay's machinery stitched the uppers to the lowers." McKay lives on Arrow St., in a blue house with yellow trim. He keeps a garden whose products he shares with each year's graduates. A satisfied man, he at last encounters the bees with equanimity...