Word: viet
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...until stepping down in 1973. The old soldier spent his last four years at Fort Bliss in Texas, where he sometimes lectured on leadership. In accepting West Point's highest honor, the Sylvanus Thayer Award, in 1973, Bradley reflected on the low prestige of the military after the Viet Nam War. "The profession of arms is often a lonely profession. It is misunderstood by many. My wife has called me a warrior who hates war. I am sure that is true...
...surge in new defense contracts will place a heavy strain on an industry that has been coasting along in second gear since the end of the Viet Nam War. Most companies cut payrolls sharply during the late '70s, and they now face shortages of both experienced aerospace engineers and blue-collar employees, including skilled production-line workers and tool-and diemakers. Says Hugh Johnson, vice president of First Albany Corp., a New York brokerage firm specializing in the defense industry: "Labor is going to be a real problem. Conservatively, the shortage of engineers ranges between...
Many economists have long considered defense spending inflationary because it increases incomes and demand in the economy without enlarging the supply of goods and services. Military expenditures also absorb capital investment that might have been used to increase productivity in other areas of the economy. The Viet Nam War, for example, is generally blamed for starting the current 15-year-long bout with inflation...
Budget Director David Stockman insists, however, there will be no repetition of that this time. He argues that the outbreak of inflation in the 1960s was caused by the combination of Great Society spending programs, Viet Nam War expenditures and the absence of a tax increase. As long as other Government spending is sharply reduced, Stockman maintains, the increased Pentagon expenditures should not add to price problems...
...followed it to where it stopped near Brady's head," says Brown. "I stayed with that shot for a while, but then I was getting upset and sick and so I turned back to the scene with the assailant." During those numbing, terrifying seconds, says Brown, 32, a Viet Nam veteran, "I had to keep telling myself, 'Hank, do your job. Keep rolling. If you do it, it will help ABC and the police.' " Adds NBC Cameraman Sheldon Fielman, 42, who, eerily, had joined NBC the day President Kennedy was killed: "When it was over...