Word: systemics
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Dates: during 1960-1969
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...from his own bad judgment. Under a new law in Massachusetts, people who are fast-talked by door-to-door salesmen into signing contracts for unwanted goods can now cancel the deal within ten days. California's Department of Professional and Vocational Standards has instituted a television-repair inspection system that has trimmed $15 million a year from fraudulent fix-it bills. The department tests the honesty of any suspicious repair outfit by planting deliberately broken sets in private homes; if the repairman makes unnecessary charges, his license is lifted...
...first inkling that all was not well with the Corvair's suspension system came from a disgruntled General Motors auto worker who wrote him a letter. In Unsafe at Any Speed, Nader went on to single out the sporty car's rear-suspension system as an example of hazardous compromise between engineering and styling. At certain speeds and tire pressures, or in certain types of turns, he charged, the rear wheels could "tuck
...under," causing a driver to lose control. G.M., which eventually redesigned the system, at first did not even recall the model for checking. But executives were disturbed enough by Nader's charges to hire a Washington law firm to look into the matter. The lawyer, in turn, engaged the Vincent Gillen private detective agency to trail Nader. Purely on a fishing expedition that was to find nothing, the agency's head urged his men to uncover what they could about Nader's "women, boys, etc." Tipped by friends that investigators were looking into his private life, Nader charged publicly that...
...Government is overdoing its credit tightness and that the time has come for a change. Last week, however, a Federal Reserve official said that the board is persisting with its year-old policies. Interest rates reached yet another new high when an issue of top-rated Bell Telephone System bonds sold at 9.1%. Such a rate would have been unthinkable not long ago. The U.S. may be entering an unprecedented, fairly prolonged period of high interest rates...
...increased, in an era when the Faculty is already running a hefty deficit on its all-important Unrestricted Account (the money which can be spent anywhere within the Faculty). Such a limitation on funds means that certain types of proposals which would significantly increase costs-completely abolishing the lecture system to cite one case-would prove difficult, if not impossible to accomplish...