Word: two
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Dates: during 1970-1970
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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...
Through the early part of the year, inflation psychology kept its grip on the minds of investors and businessmen. Then, in the space of a month, two events turned the mood from hope to gloom and brought the nation closer to financial panic than at any time since the 1930s...
Gung-Ho for Growth? Whatever the numbers, the President has to decide on which of two policies to emphasize. Should he aim for a modest rate of economic recovery, risking a continuation of high unemployment? Or should he strive for a faster snapback, risking more inflation later? Every sign now indicates that the President, prodded by Chief Economist Paul McCracken and Budget Boss George Shultz, has made a decision to go for speedy, job-creating growth. It remains to be seen whether John Connally, Nixon's surprise choice for Secretary of the Treasury, will alter the strategy. Though...
FOOLS are two leftovers from A Thousand Clowns. The girl has changed from Barbara Harris to Katharine Ross, but the man remains Jason Robards. Once again he plays the crumpled buffoon, out of step with society, delivering loud, whimsical broadsides against such well-riddled targets as the Establishment, traffic and the FBI. His paramour is 25 years his junior, and her attachment for such a droning bore may be ascribed to callowness or to a classic Electra complex. But she is still the dream-child of The Graduate and the only visible excuse for an overblown farce that collapses into...
...years Shirley MacLaine has starred in a series of hectic comedies and adventures, often playing the heart-of-gold hooker (Irma La Douce, Two Mules for Sister Sara). Now, in a jaunty memoir, she puts forth the proposition that her own life has really been a lot more interesting. Most movie stars think that way, actually, and not a few of them have committed it all to paper. What makes "Don't Fall Off the Mountain" different from the usual drivel is that Shirley wrote it herself-no ghost, no collaborator, no pix and, alas, no visible editor. Though...