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Word: theys (lookup in dictionary) (lookup stats)
Dates: during 1970-1979
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Usage:

The deficit may well be swelled by a tax cut, if not in 1980 then in 1981. Congress has many ideas for reducing Social Security taxes; on Jan. 1, they will rise from $1,404 to $1,588 a year for anybody earning $25,900 or more. The Board of...

Author: /time Magazine | Title: Business: Now a Middling-Size Downturn | 12/31/1979 | See Source »

Only a few years ago, the orthodox wisdom was that the U.S. would never suffer such hyperinflation, but that if it ever did, the whole economy would be shattered and the democratic political system would be endangered. Yet in 1979 the economy showed a remarkable resiliency and a resistance to...

Author: /time Magazine | Title: Business: Now a Middling-Size Downturn | 12/31/1979 | See Source »

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...

Author: /time Magazine | Title: Business: Now a Middling-Size Downturn | 12/31/1979 | See Source »

People in certain fortunate industries and regions will probably avoid adversity, as they did in 1979. Those in the Southeast generally did well because the region's beneficent climate and low wage rates continued to attract business. The Southwest surged because its oil and natural gas were in heavy...

Author: /time Magazine | Title: Business: Now a Middling-Size Downturn | 12/31/1979 | See Source »

While they rose, older cities that depend on basic industries declined. As sales of U.S.-made autos tumbled 16.7% in the last six months, largely because of infuriating gasoline lines and inflating gasoline prices, recession and high unemployment struck Detroit, Flint and other carmaking capitals. Also hurt were the industry...

Author: /time Magazine | Title: Business: Now a Middling-Size Downturn | 12/31/1979 | See Source »

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