Word: trend
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Dates: during 1970-1979
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THERE was great joy in Mudville when Pennsylvania Gov. Milton Shapp announced in August 1976 that Volkswagen would locate its first major U.S. assembly plant in his state. There was joy, first, because the VW decision bucked a trend of industrial exodus from pennsylvania and the whole Graybelt (the declining Northeast corridor), an exodus brought on by the antiquation of the area's facilities, physical constraints on expansion, the relatively high tax load and union wages. There was joy, second, because Pennsylvania had beaten out Ohio in the VW selection process...
That could be one result of the deep ambivalence that many Puerto Ricans feel about living in the U.S. Indeed, after two decades of steadily rising immigration, the trend in recent years has been in the opposite direction-back to Puerto Rico. On any night, airliners buzz over the Statue of Liberty filled with returning or visiting Puerto Ricans who can afford the $87 fare. At Christmas, there is a two-month waiting list for night-flight seats to San Juan. Successful Puerto Ricans often prefer to export their new affluence. Says John Torres, head of the Metropolitan Spanish Merchants...
...thriving fruit-jar industry as well as the local hospital, Ball State University and most of the rest of town. Its population of 36,000-50,000 by the time of the second Lynd report-was 90% white and 95% Protestant, and struggling to cope with layoffs, a new trend toward secularization, women's voting and flapper ideas about...
...should join the trend toward more managed exchange rates, something of a compromise between fixed and floating rates. World central banks would have to cooperate closely, buying and selling currencies in order to keep the rates within certain ranges. Former Under Secretary of the Treasury Robert V. Roosa says that a first step toward this arrangement would be to set up "reasonable ranges of value for the three key currencies - the dollar, mark and yen." Other currencies would quickly fall into line behind the big three. The IMF could monitor national economic activity and recommend when currency values should...
...most forceful speeches, World Bank President Robert McNamara severely chastised the wealthiest nations for a trend toward increased protectionism that seems aimed at the rising amount of finished goods made by the less developed countries (LDCs). He noted that the rich countries still sell about five times as much manufactured products to the poor countries as they buy from them, and that the LDCs absorb fully 30% of the industrial world's exports of finished products. So rather than worrying about the LDCS' "minuscule" exports of such products, McNamara said, the richer countries would be wise to help...