Word: general
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Dates: during 1970-1970
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Among other depressed industries, airlines had their worst year ever because of soaring operating costs, meager traffic growth and huge outlays for jumbo jets. A sensitive indicator of the U.S. economy, airline traffic goes into a dive whenever business in general weakens. This year companies reduced business travel, presidents moved back to the tourist-class cabin, and families postponed faraway vacation trips. The nation's twelve major airlines expect to lose as much as $125 million before taxes in 1970; Trans World Airlines alone will show a deficit of up to $65 million. The industry predicts even bigger losses...
...their price markups, and the "dumping" of unwanted cars on their sales lots. Discontented customers demanded more reliability and easier repair-at a time when management found it increasingly hard to maintain quality output in their plants, in great part because of worker unrest. The eight-week strike against General Motors made a weak year even worse. In 1970 the U.S. is expected to produce 6,550,000 cars, down from 8,219,000 last year...
...this year, the board squeezed the nation's money supply so severely that it rose at an annual rate of only .2%. The effect was to throttle bank lending, drive interest rates to their highest level since the Civil War, and ultimately to slow down business in general...
Sitting Out the Battle. Though it is over, the General Motors strike still hurts. Detroit stores have been quiet so far, and one last week began "the biggest clothing clearance in our history." The confusion in women's fashions is partly to blame. While midis are beginning to catch on in some cities, most women are simply sitting out the battle of the hemlines. At week's end Commerce Secretary Maurice Stans reported to President Nixon that Christmas sales were "fairly brisk" and that apparel was moving well. The Secretary took pains to note an upsurge...
...artistic creation." Wilson's scrutiny of the fierce personal drive that transformed an anonymous, victimized lad into the inimitable Boz opens the way to a shrewd, wide-ranging analysis of Dickens' life and work. The result is the best all-round book on the subject for the general reader in years. Absorbing, gracefully written, freshly thought out, it is, in addition, that rare hybrid, a coffee-table book with both brains and beauty. The glossy pages are strewn with well-selected (though skimpily captioned) illustrations that vividly reflect the squalor and especially the sentiment of 19th century England...