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...technologies for cost-competitive production of fuels from coal, shale and tar sands, with little regard for the environmental consequences. Replacing just ten per cent of the nation's oil production with liquefied coal would require a mining capacity equal to one half of the present U. S. coal output. This would require heavy strip mining, which causes devastating damage to the land...
Last week the Commerce Department reported that the nation's output of goods and services, which had declined at an annual rate of 2.3% in the second quarter, actually rose again by 2.4% in the July-September period. Since a recession is commonly defined as two consecutive quarters of economic decline, it thus will be early 1980 before experts can formally announce the arrival of a textbook recession. But the latest indications of growth were deceiving and cannot endure long. The upswing was due primarily to a temporary increase in consumer spending, as people who had been kept away...
...does all this differ from the nurturing of scientists in other advanced nations? Britain has a long tradition of scientific achievement and freedom-and, on a per capita basis, has scored well in the Nobel competition. But it could probably better its scientific output by making its educational system less rigid...
...means more than just new air-blown popcorn poppers or home computer games for a society already overrun with gadgets. America's dismal economic record over the past decade largely reflects the decline of research and new product development. Growth in productivity, which measures a worker's output per hour, depends upon new machines and industrial processes that help the worker produce more. While U.S. productivity increased at a rate of 3.1% annually from 1955 to 1965, it increased at only 2.3% from 1965 to 1973. So far this year, productivity has been declining at an annual rate...
...standards will add about 20% to the sticker price and cut deeply into profit margins. Lamborghini, which makes only eight to ten cars a month, has already written off the U.S. market rather than invest the money required to meet its specifications. Maserati, which sends half of its output to the U.S., is waiting to see if its product has passed a pollution test in California, a state with the most stringent environmental rules in the U.S. Maserati Managing Director Alessandro De Tomaso is confident that his car will be approved because of a costly new engine that reduces pollution...