Word: things
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Dates: during 1970-1979
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...Says Tom Duncan, head of the Kentucky Coal Association, a group of mine operators: "The man mining the coal is probably more productive than ever before, but now you've got one man carrying away possibly explosive coal dust, one or two men bolting roofs, one doing this thing and one doing that." In Kentucky, for example, productivity has dropped from 23.6 tons of coal mined per man-day in 1969 to 16.9 tons in 1977; in Illinois, the plunge has been from 26.4 tons to 14.9 tons...
...important to keep wages reasonable, but that alone will not stifle inflation. As Blumenthal noted last week, the main sources of that spiral are food, fuel and housing costs-none of which are covered by the guidelines. Thus the best thing the White House can do is to keep punching, take advantage of lucky breaks and hope that the slowdown will arrive in time to avoid any more radical, and risky, approaches...
...thing, the growth of regulation is waning. "We have had this orgy of regulation over the past few years," she says. "We have regulated the hell out of everything-the environment, health and safety. We have gone to absurd lengths." The Government's inflation-terrified economists are passionately battling the regulators, who Rivlin feels are a bit hysterical in defending their turf. "But," she notes, "nobody says that we want to deregulate everything. Gradually, the regulatory excesses are being sorted...
Also, Congress is gaming much better control over rabbit-hole spending by moving toward longer planning. Says Rivlin: "The most important thing that happened with the fiscal 1980 budget is that Congress for the first time went beyond a single year's spending and voted at least tentative budget targets for three years. Now we have been pushing for five-year goals." These goals will help legislators make cuts in spending on an orderly basis with plenty of advance notice. As she says, "You really wouldn't want to live in a country where many programs are changed...
...Writer Andrew Bergman's cockamamy script would have it, Vince is currently involved in a complex scheme to prevent an international monetary crisis. Runaway inflation is a terrible thing, Vince explains, because people start to use currency as wallpaper and tend to listen to atonal music. Though Sheldon wants nothing to do with his inlaw, he soon becomes his unwitting accomplice. What follows is a nonstop series of shootouts, chase scenes and mishaps that catapult the heroes from suburban New Jersey to Manhattan's treacherous West 30s and finally to a banana republic so corrupt that its main...