AMERICANS ARE HAVING ANOTHER SPUTNIK MOMENT: one of those periodic alarms about some foreign economic menace. It was the Soviets in the 1950s and early 1960s, the Germans and the Japanese in the 1970s and 1980s, and now it's the Chinese and the Indians. To anyone old enough, there's no forgetting Oct. 4,1957, when the Soviets orbited the first space satellite. It terrified us.
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