Word: annuals
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Dates: during 1960-1969
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...brain damage, the victims of autism often display tantalizing flashes of intelligence. Some can memorize long, complicated stories with flawless accuracy; many have perfect pitch. Psychiatrists differ widely in their views on the cause of autism, and real cures have been rare. In Washington last week, discussions at the annual meeting of the National Society for Autistic Children indicated that research and treatment are beginning to move along some new paths...
...yardstick that is most apparent to Americans-prices-the economic situation is more alarming than ever. The Labor Department reported last week that consumer prices spurted at an annual rate of 7.2% in June, double May's increase. The rise was led by the higher cost of food, particularly meat. But prices should begin to slow down later this year as lagging beef and pork production picks up, and as unsustainably high rises in services and medical costs taper off. Clothing and furniture prices should level out this month. Nevertheless, over the past twelve months, the dollar has shrunk...
...months ago, and auto sales have turned sluggish. New orders for durable goods declined 3% in June. For the first time in eleven months, manufacturers were filling old orders faster than new business was coming in. So far in 1969, the gross national product has risen at a real annual rate of only 2.4%, compared with the 6% increase of 1968's first half. The real growth of the nation's economy has moved down in each of the past four quarters...
...credit by restricting the money supply. But in 1966, the board moved clumsily, swerving at midyear from monetary expansion at a 6% yearly rate to contraction at a 2% rate. Credit evaporated, investor buying power disappeared, and stocks collapsed. This year the money supply has expanded at a modest annual rate of about 21% - just enough, FRB Chairman William McChesney Martin hopes, to accomplish "disinflation without deflation." There is no sign that the FRB will soon make money any easier...
...seats on jets have to be filled. The load factor, which averaged 53.7% in the first half of 1968, was down to 50.3% this year. Industry analysts say that every 1% drop in the load factor costs American Airlines, for example, at least $10 million in annual earnings...