Word: third
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Dates: during 1960-1969
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...insisted last week that the economy is entering "a period of transition" and that "we must not lose our cool." He has impressive evidence to bolster his argument. The growth of the output of goods and services has slackened. Profits are expected to fall in this year's third quarter. Housing, industrial production, new orders for factory goods and stock prices have declined. Over lunch at Pittsburgh's elite Duquesne Club, industrialists grumble about slipping demand and sales. Automakers have scheduled 7.5% fewer car assemblies for the final quarter of this year than during the same period...
...risen steadily to $110 million earned on $1.2 billion in revenues last year. True, the company could have been more nimble in shifting to meet new buying trends: its products account for an estimated 41% of the U.S. soft-drink market, but the company's Tab ranks only third in the market for diet colas. On the other hand, Coke has diversified quite successfully in recent years, notably with its big-selling Fresca. Now the company hopes to put still more life into sales through the image and logo changeover, which is expected to be well...
...mail. The withdrawal is deducted from the depositor's checking account, along with a 1% service charge. If a card holder punches the wrong code number or tries to use an invalid card, a lighted notice tells him to try again. If he is unsuccessful on the third try, the machine swallows his card. That allows the bank to determine whether he used a canceled card or merely punched the wrong code number...
...Government's solution to that problem was to subsidize exports, beginning in 1956. That move, in turn, created a crisis for domestic mill ers, who complained that they had to pay more for U.S. cotton than competing foreign mills. Washington's answer was to add a third subsidy, this time for the millers...
Born. To King Constantine of Greece, 29, who for the past 22 months has been living in self-exile in Rome, and Queen Anne-Marie, 23, formerly princess of Denmark; their third child, second son; in Rome...