Word: though
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Dates: during 1970-1979
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...else an exercise in judging whether a candidate has done as well "as expected." This can be unfair, as it was to Senator Edmund Muskie in New Hampshire in 1972. Long before the primaries, a Boston Globe poll prematurely "gave" Muskie 65% of the vote; on election day, though Muskie beat George McGovern, 46% to 37%, the press proclaimed McGovern the real winner...
...American life." After dabbling in Marxism and liberal arts at the University of Chicago, Farrell chose to escape spiritual poverty by writing about it. At 28, he published Young Lonigan, the first of three novels tracing his anti-hero Studs from boyhood through boozy dissipation to early death. Though Farrell's unvarnished naturalism won him raves as "the new Theodore Dreiser," his unblinking approach to sex and scurrility provoked critics throughout his career. After the Lonigan cycle, he published 50 books, but none of them won the praise and popularity of his first...
...such a retrenchment has yet to appear. While the automakers are currently suffering through a sharp slump, retailers are reasonably happy. In fact, retail sales in July were actually 11% above what they had been in the same month last year, though much of that increase simply reflected higher prices. Moreover, Americans are still piling on installment debt at the brisk rate of $5 billion a month. Indeed, by the end of June they were in the hole for a record total of $292.5 billion, which is hardly a sign of consumer panic...
...Though part of the rise in European pay (and prices) when expressed in dollars reflects the slump in the value of the greenback, this does not explain all the difference. In real terms, incomes have simply risen much faster in Europe than in America. According to the Paris-based Organization for Economic Cooperation and Development (O.E.C.D.), between 1972 and 1977 the annual increase in the average hourly wage in the U.S. was less than 1% above the inflation rate. But in Europe, wages have stayed ahead of prices by much greater margins: more than 5% in France, Belgium, Norway...
Part of Europeans' gains have been wiped out by their higher taxes; a typical Belgian family earning $56,000 will keep no more than $32,000. But though their taxes are generally lower, Americans must shell out more of their incomes for medical and educational expenses, both of which are largely free in Europe. The net result is that many Europeans end up with somewhat fatter disposable incomes than Americans but they also face generally much higher prices. So how do they do it? How do they afford the rows of doubled-parked Mercedes and BMWs and the expensive...