Word: viewing
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Dates: during 1970-1979
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Some labor officials, by contrast, regard the Administration's economy drive with resignation, especially in view of the economizing message that the voters sent to Washington in the mid-term election. Says a top labor official in Washington: "We don't like what we hear, but there's not much we can do about it. I think that the expression we will be hearing the most on the Hill will be: 'I don't dare take a chance. Look at what happened to Dick Clark.' " A liberal Senator from Iowa, Clark went down to unexpected defeat at the hands...
...thousands, from dawn to well past nightfall, residents of Peking last week thronged the capital's Wang Fu Ching Street, site of the city's People's Daily headquarters. Jostling one another for view, some making notes, they avidly scanned an eight-sheet wall poster that had been put up on the street and signed by, of all people, an auto mechanic in a nearby garage. In a society where the wall poster is the semiofficial harbinger of political shifts and cultural upheavals, the document on Wang Fu Ching Street was undeniably momentous. As part...
...that industrial sectors reach a limit of growth as they mature and then begin to decline. It happened with railroads; it is now happening with steel, and in ten years the auto industry will have problems." What has turned an industrial adjustment into a crisis, in De Bodinat's view, is that the declining industries are not being replaced. "Capitalist economies have lost their flexibility," he charges. "In France, for example, it has become far too difficult to launch a new business." Governments often discourage entrepreneurs with mazes of administrative formalities. Banks hesitate to lend money for new ventures...
...emphasis in the education system away from the humanities to technical training in new industries. "Our industry must manufacture goods that others are not yet capable of marketing and will not be able to produce in the next ten years," says Chancellor Helmut Schmidt. The French hold the same view. "To get out of this bind," explains Industry Minister André Giraud, "we must resort to innovation, manufacturing goods that others don't produce or don't produce as well...
Striking workers paralyzed key industries: power, communications, transport and, the heart of the nation's wealth, oil production. At the same time, the ravaging mobs concentrated their destructive efforts on the banks, which Islamic extremists see as symbols of Western decadence and leftists view as outposts of capitalistic exploitation. On Nov. 5 alone, 400 banks were damaged or destroyed by rioting. In 1978, 1,400 of the nation's 7,000 banks have been attacked...