Word: classicism
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Dates: during 1970-1979
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...person of Amy, an aggressive bank-executive who takes him to lunch, to the movies, and to her apartment, where Wells succumbs to her charms after a feeble struggle--"I don't want to compromise you," he worries. Ironically, this self-described "twentieth-century woman" becomes the classic damsel in distress when Stevenson chooses her for his victim...
...basic cost of borrowing money has jumped from 11.75% to 13.5%, the highest in history. Most board members hold that the increases will soon stop but interest rates will remain steep over the next year. Some fear that the Fed may worsen the recession by inducing a classic credit crunch, in which little money is available for borrowing to finance new plants and create jobs...
...dollar was again the primary victim of this classic inflationary flight into goods. West Germany raised the value of its muscular mark by 2% against other European currencies to discourage speculators from dumping dollars to buy marks. But all it took was some news about the U.S. trade deficit to send the buck plunging sharply anyway. Most members of TIME's Board of Economists expect the dollar to fall further. So long as inflation in the U.S. remains steeper than in other leading industrial countries, says Economist Otto Eckstein, "the dollar is indefensible...
...Chrysler as a symptom. We are the classic microcosm of everything that is wrong with the U.S. You can list the problems. Energy? That's what cripples us. Inflation at 13%? Hold it, mine's higher than that because petrochemicals and lead are up more. Productivity? I'm glad you asked-we ain't got none. Sometimes when I wake up, I think of what I'm doing. Yeah, I'm trying to save a company but I never invent anything any more. I never create a job. Everything I do is to meet...
Yesterday's game was another classic...