Word: longests
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...many years has a Christmas season begun with so many tidings of spreading discomfort and lack of joy about the U.S. economy. Already racked by a devastating double-digit inflation, the nation is now also plunging deeper into a recession that seems sure to be the longest and could be the most severe since World War II. Consumers who a few weeks ago worried mostly about rising prices now fear for their jobs and incomes as well. For many Americans, the Yuletide will be a time of less elaborate meals, infrequent parties, fewer and cheaper presents...
Sideways Waffling. Even Treasury Secretary William Simon, the Administration's chief economic spokesman, conceded that the recession "probably" (he could well have said certainly) will be the longest that the nation has suffered since World...
...nation's real output of goods and services has declined for the past nine months; the drop is expected to continue at least until mid-1975, thus marking one of the longest slides since the Great Depression. Last week, with the election over, the White House ended its verbal contortions and permitted Presidential Press Secretary Ron Nessen to concede what most non-Government experts already knew: the U.S. is now in a recession. Alan Greenspan, chairman of the President's Council of Economic Advisers, added that the economy had stood up fairly well until late September, but "some...
...sets with aluminum houses and hotels and noncombustible paper supplied by NASA. The sets could accompany the closely confined and womanless crew the U.S. may send on a two-year mission to Mars before the end of the century. That would enable the Mars astronauts to engage in the longest-established, permanent floating space game in history. Says Bluffton College Psychology Professor (and Monopoly Fan) William J. Beausay: "All men have to have a strong motivator to compensate for loss of sex for two years." The board, no doubt, will be redesigned to take note of such choice Martian real...
...price-fixing conspiracies. When Congress returns after the elections, the department will press it to classify antitrust violations as felonies rather than misdemeanors and increase the maximum prison sentence for such violations to five years, from one year at present. (Even that sentence is almost never imposed; the longest jail terms meted out to executives convicted in the notorious 1961 electrical-equipment price-fixing case, for example, were for 30 days.) "Executives are not in the throes of an irresistible impulse when they fix prices," Saxbe argues. "They violate the law deliberately...