Word: third
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Dates: during 1970-1979
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...commanded a fanatic home-town following but kept missing a big national break. He had a national hit single in 1969 with his hard-driving Ramblin 'Gamblin 'Man, but trouble with his band kept him from touring to promote it properly. By the time he had finished his third album, Seger, with half a dozen local hits behind him, was back to living on $7,000 a year...
...families are refusing to be uprooted, even if the transfer means higher rank and salary. Merrill Lynch Relocation Management, Inc., which specializes in moving executives, estimates that 200,000 to 300,000 of them will be asked by their employers this year to move to new locations and one-third to one-half will object; only a decade ago, the refusal rate was no more than 10%. Says James E. Wall, vice president of Celanese Corp.: "The balance has definitely shifted away from saluting the company and marching off to Timbuctu toward a greater emphasis on family and life-style...
More than a third of the people in the world suffer from serious malnutrition. In 36 countries, income averages less than $265 per person per year; in another 34, less than...
Economic self-interest also should prompt the advanced nations to alleviate Third World poverty. It is simply not reasonable to think that the industrialized world can maintain, let alone expand, its economies in a kind of closed circle. It must bring in more and more of the rest of the globe, not only as suppliers of raw materials, but also as trading partners...
...economic conditions of the Third World, of course, are not uniform. The OPEC nations have become world financial powers, and a handful of once depressed countries, such as South Korea and Taiwan, are developing flourishing new industries. But the majority of LDCS have been knocked backward in the 1970s by a devastating one-two punch: oil price boosts that have raised the cost of running the most primitive factories and farm machines, and recession in the industrial world that has restricted markets for cotton, copper, cocoa, tin and other raw materials sold by less developed lands. In many countries...