Word: stillnesses
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Dates: during 1960-1969
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...with the expansionist policies of President Kennedy when the nation's economic problem was sluggish growth and persistent unemployment. In late 1965, however, he refused to accept Lyndon Johnson's line that the U.S. could escalate the Viet Nam war, keep taxes and interest rates down and still avoid inflation; the Federal Reserve tightened credit, to L.B.J.'s displeasure...
...Items to exploit the anti-Establishment values of the youth market-mod clothes, poster art-and the comfort-seeking wants of the increasing number of old people added further to the product crush. As new products proliferate, consumer confusion intensifies and brand loyalty erodes, leading to the creation of still more new items...
...this shifting scene, a bold new entrepreneur has appeared: the new-product specialist, the privateer who will find or develop a product for any company willing to pay. These specialists contend that most U.S. corporate managers, for all their talk about market research, still think more in terms of product than consumer. The privateers are usually young veterans of advertising or marketing who work on ideas supplied by clients or develop and sell products on their own. More than 20 independent new-product firms are at work on projects for General Foods, National Biscuit, Johnson & Johnson, Bristol-Myers, Continental...
Oliver Wendell Holmes Sr. rescued the U.S.S. Constitution from the wreckers in 1830, when he wrote the memorable poem "Old Ironsides," which begins, "Ay, tear her tattered ensign down!" After a national outpouring of emotion, Congress quickly appropriated funds for the restoration of the frigate. It is still docked in Boston Harbor, a symbol of America's longtime affinity for tall ships and deep water. Poetry may have been enough to save a ship from the scrap heap then, but in an age more closely attuned to the demands of economics the sight of the Stars and Stripes fluttering...
Proponents of ship subsidies also wave the issue of national defense. "There are still a lot of military people," says Bernard Ruskin, an official of the National Maritime Union, "who think that a ship like the United States, which can carry a full division and can outrun any submarine, ought to be kept up." But after taking account of its huge fleet of transport planes, the Defense Department announced several years ago that it had no need for passenger ships to carry troops...