Word: vitality
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Dates: during 1980-1989
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...auto companies and their workers have been very imaginative in dealing with the economic predicament that they face. They have taken some vital first steps toward changing the outmoded wage scales and work rules that helped put the industry in its present dire condition...
These and other advocates of what they regard as a tough-minded, unemotional view of the issue believe that the U.S. could and should fight a nuclear war with the Soviets if the only alternatives were either Soviet conquest of an area vital to American interests or, worse, a Soviet nuclear attack on the U.S. Indeed, that view is at the very heart of U.S. policy toward its Soviet adversaries and its West European and Japanese allies...
...only one of many vital commodities that underwent spectacular price increases in the 1970s. But slow growth, and now recession, has burst the bubble in one raw material after another. Copper prices, for example, have plunged to 76? per lb. from 89? a year ago, badly burning unlucky speculators in the process...
Above all, the U.S. needs to recognize that everything has changed in Central America, that Tio Sam cannot ignore until the last desperate moments what is occurring not all that far south of the border. As events during the past months have proved dramatically, the U.S. has a vital interest in Central America's future. That interest will ultimately depend on forming a genuine partnership with the region. Says Fernando Volio, who will be Costa Rica's next foreign minister: é "We don't want to be involved in the global confrontation just for the sake of the superpowers...
...Injecting all those dollars into defense-related industries could wind up being like installing a turbocharger on the engine of a Model T. Since military spending increases first began to tail off in the 1970s, the industry's infrastructure has seriously eroded. Hundreds of small foundries that made vital metal castings have gone bankrupt or have been forced to close by the Environmental Protection Agency (for excessive dust, smoke and chemical byproducts). Traditional smokestack industries such as steel and rubber have gone into a steep decline, losing their customers and even entire markets to more efficient overseas competitors...