Word: brighter
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...many other countries?a development that has potentially grave social consequences. The steep economic growth that the industrial nations have enjoyed since World War II tended to soften social and economic inequalities because even the poor and deprived made visible progress year by year and could discern a brighter future. Now, if there is slow growth or no growth, demands for social justice will be more urgent?and harder to fulfill. Democratic governments will have to find ways to redistribute the existing wealth, or else face dissension and perhaps chaos...
...Africa, the government-controlled press dominates the Ghana scene, but Nigeria has "the freest press in black Africa"; Egypt, where the picture is brighter, has lifted every restriction but military censorship...
Partly because the past year was so bad, the outlook for 1975 is somewhat brighter. If nothing else, analysts say, stock prices have discounted just about all the bad news that can be realistically expected and are due for an upturn, perhaps by spring, that could gradually push the Dow to around 800 by year's end (no higher than it was in early 1964). Their major reason: as the worsening recession bites into corporate profits and the rate of inflation, investors will sense that the economy is about to bottom out and will begin buying in advance...
Although this year's oil bonanza has given Venezuela a brighter future and richer present than any other Latin American country, the sudden affluence has not produced universal euphoria...
While U.S. dealers expect to sell around 9 million cars by the end of this year, the performance will be a 23% drop from 1973-the largest annual percentage erosion in any year since 1958. For 1975, the outlook is no brighter. Already, auto layoffs are mounting. They stood at nearly 200,000 last week and could soon reach a frightening 225,000 -about 16% of the industry's work force -if the slump is not reversed...