Word: absorber
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Dates: during 1970-1979
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...adjusted for price increases) has dropped for the past four quarters; in the first quarter of 1974 it fell at an annual rate of 5.6%. That is a longer and deeper drop in purchasing power than occurred during any of the five recognized U.S. postwar recessions. Unfortunately, employers cannot absorb outsized wage increases through higher productivity. Output per man-hour of the nonfarm work force actually dropped at an annual rate of 3.5% in the first quarter. Thus a wage explosion will only force more of the price increases that have made past pay rises meaningless...
...deliver newspapers and magazines. Authored by Wyoming's Gale McGee, chairman of the Senate Post Office Committee, and co-sponsored by 22 other Senators including Massachusetts' Edward M. Kennedy and Arizona's Barry Goldwater, the measure would give newspapers and magazines an extra three years to absorb soaring second-class rates (TIME, Feb. 25). Under the present Postal Service schedule of phased increases, periodicals collectively will have to pay at least 218% more to use the mails in 1976 than they did in 1971. (Under increases already in force they are paying 80% more.) The bill passed...
Last Wednesday a group of student organizations asked the administration to absorb the cultural center in a new, University-funded Third World Cultural Center...
...selling that oil elsewhere. Over the years, the Arabs have piled up American holdings estimated to be $10 billion to $15 billion. Now such thinly populated countries as Kuwait, Saudi Arabia and the Persian Gulf sheikdoms are pulling in more money through oil-price boosts than they can possibly absorb at home, and are channeling still more cash into...
Theoretically the new system, as it is instituted gradually in a three-year process, will place the overflow of students that causes crowding in Houses and rooms that can most easily absorb additional residents...