Word: surpassed
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Dates: during 1960-1969
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...report forecasts a slowdown in the growth of the gross national product to about $47 billion, or 4% in stable dollars, compared with the too-swift expansion of $58 billion (51%) last year. Anything more than 4%, the council says, would surpass the nation's capacity in both plant and manpower. The trick, of course, is to keep the slowdown from going too far and prices from rising too fast. Last week banks began lowering the prime rate of interest, giving important evidence that the Administration's prediction of easier credit had foundation (see U.S. BUSINESS). Housing...
Cursed by unrelieved warmth and sun, and by new production from south ern-Florida groves, the current crop will surpass last season's 100 million boxes (100 lbs. each) by 42 million. When the nine-month harvest ends in June, nearly 10 million boxes may be left to rot unsold. Oranges "on the tree" cost 75? a box to grow and last year brought a handsome $1.25. They are now going at a distress price of 35? a box, leaving growers with the prospect of a $50 million loss on the crop...
...only leads to capitalism?" a crucial New Year's newspaper editorial asked. Once the Cultural Revolution has everyone in tune with the interests of the peasants and workers, the work can go been criticized: In the long run, Mao argues, a socialist economy with a firm ideological base will surpass, any capitalist economy. the Russians have succumbed to the short-run lures of capitalism; the Chinese, Mao is convinced, must be more careful...
...that ever-widening circle of giving outside the family, Christmas sometimes takes on an aspect of the potlatch, a ceremony of the Kwakiutl Indians of the Pacific Northwest, during which the chiefs showered gifts on each other. Their object was to surpass a rival in generosity, and to crush him under future obligations. To avoid this nowadays, ground rules must be observed. Within an office, the first move must come from the superior-and if the subordinate responds with a gift, it should be clearly less valuable...
...board chairman to Kresge's Detroit headquarters. Son Stanley, 66, succeeded his father as chairman of a company that is now second in its field only to F.W. Woolworth & Co., has 930 variety or discount stores (against Woolworth's 3,266). This year Kresge expects to surpass $1 billion in sales for the first time, and its annual sales growth rate of 12.5% is matched among retail chains only by Sears, Roebuck...