Word: almost
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Dates: during 1970-1970
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...fifth recession since World War II-and the mildest-but it interrupted the greatest advance of prosperity that the nation had ever known. The shock of unexpected reverses left deep psychological scars on businessmen, workers, shareholders and politicians. Almost every segment of the population felt aggrieved. Reflecting the uncommon discontent, Brooks McCormick, president of International Harvester Co., said: "The nicest thing about 1970 is that it's over...
Most statistical indexes slumped. Falling in every month but two, industrial production sank 5.3%. Almost one-quarter of the nation's industrial capacity lay idle, creating a large gap between the actual and the potential growth of the economy, if its resources of manpower and plant had been fully utilized.* Retail sales foundered, and corporate profit margins retreated to their lowest level in twelve years. The nation's real output of goods and services declined about .2%. That happened because the 5.3% price inflation more than offset the 5.1% growth of gross national product...
...from this year's strike-depressed fourth quarter to next year's fourth quarter. That unlikely rate of gain would lift the G.N.P. to $1.060 trillion. Beyond that, Nixon is aiming to go into the 1972 elections having achieved both reasonably full employment and reasonably stable prices. Almost all economists outside the President's immediate circle agree that such a feat is nearly impossible in such a short time...
...Almost to a man, store managers report a decline in sales of expensive items like jewelry and furs and a shift to cheaper and more practical gifts like electric hair combs and digital clocks. In Manhattan, Lord & Taylor advertised a selection of gifts-nothing over $8. Georg Jensen's found that normally fast-moving $1,500 jewelry was being passed up in favor of the $25-to-$125 variety. "The best-known store in Texas has dropped from its popular Christmas catalogue the traditional tips on "How to spend a million dollars at Neiman-Marcus...
...also is fascinating that, in an essentially repressed society, murder and violence seem to have occurred about as frequently as they do now in the "liberated" freewheeling modern world. Indeed, when set against Altick's grisly social canvas the current scene seems almost heartening. Unfortunately, the book is afflicted with the compulsive attention to micro-detail that distinguishes scholarly research from literary communication...