Word: pruning
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Dates: during 1970-1979
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...disillusionment, the year 1979 tested Americans' capacity to absorb economic shock. Consumer prices doubled during the sputtering '70s, but it was in the decade's final year that the previously unthinkable became commonplace reality. The year that brought 13% inflation, 14% mortgage rates and 15¼% prune rates also saw $225-a-day hospital rooms, $500 off-the-rack men's suits, the 25? Hershey bar and the $3.50 martini. Millions of Americans had to postpone their dreams for a home of their own; the average price of a few-frills new house surged from...
Unless either house of Congress moves to vote down the Adams plan by May 22-and that now seems unlikely-it will go into effect automatically this October. While Amtrak is a prune candidate for surgery, Congress in this instance may be acting overhastily. A new oil crunch is here, and Amtrak offers about the only energy-efficient alternative to cars. The Adams plan commendably seeks to save cash, but it might be better if it were part of some larger strategy to rebuild and restructure Amtrak to match the fast, comfortable and dependable services of Europe and Japan. Unfortunately...
...detailed alleged "improper application of taxpayers' money running into millions." Johannesburg's antigovernment Rand Daily Mail has dubbed the affair South Africa's "Watergate." Whether or not that proves to be the case, the judge's disclosures have shaken the six-week-old regime of Prune Minister Pieter W. Botha and could wreck the career of Minister of Plural Relations Cornelius P. Mulder, 53, who had been considered a leading candidate to become Prime Minister some...
What troubles Abboud now is that U.S. capitalism is not getting enough new capital. "There is a tremendous disinvestment in the economy," he says. The number of shareholders has shrunk so drastically that Wall Street's plum has become a prune. Americans are spending instead of investing, figuring as do Latin Americans that it is better to buy now because the price of everything is going to be higher tomorrow. "In consequence," adds Abboud, "big firms like A T & T can get capital, but small companies have a hard time. So the basic job-producing engine is drying...
Some harsher critics in the Knesset would like to close down the company and start a new one, a move that would allow it to reorganize, terminate its labor contracts and prune the work force. Though such extreme action is unlikely, it remains "a possibility," says Managing Director Mordechai Hod, who was commander of the Israeli air force during...