Word: buildings
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Dates: during 1970-1979
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Alan Greenspan, economic consultant to major corporations, is concerned because businessmen have lately gone on an ordering spree, in an effort to build up stockpiles of parts and materials for fear of shortages ahead. He fears that inventory accumulation could be strong until the recession becomes apparent in the autumn, and then businessmen would abruptly cut back on orders, plunging the economy into a deeper slump. Says Arthur Okun, senior fellow at Brookings: "Paradoxically, we may have too much business confidence...
...vice president at Levi Straus & Co.: "As the baby-boom kids continue up the age ladder, either we will go with them or somebody else will." Thus Levi's has already sold some 15 million pairs of new, wider jeans "cut to fit a man's build with a little more room in the seat and thigh," as the ads say. The jeans have spawned a whole rack of clothes for the aging male body, ravaged by roast beef and gravity...
...they state their symptoms; once satisfied that they are covered, they rarely even ask what the treatment will cost. Thus demand expands no matter what happens to the national income. Increases in supply do not hold down costs, as they would in a conventional market, quite the opposite. Hospitals build more beds than there are patients available to occupy them: some 25% of the more than 1 million hospital beds in the U.S. are unused
Toward the end of the summer, the policymakers began looking for a way to build into the Vladivostok limit of 1,320 total MIRVed systems a new subceiling just for land-based MIRVs, both heavy and light. This was a crucial shift in negotiating tactics. It meant that the U.S. was finally giving up on cuts in the Soviet heavy force. But it also meant, if it were accepted, that the Russians would have less "freedom to mix" between land-based and submarine-launched MIRVs. Aaron and Hyland first sounded out the Soviets on the possibility of a MIRVed ICBM...
...hundreds of millions or even billions of dollars mean that the oil companies are taking advantage of the energy crunch to charge outrageous prices for their oil. Nothing could be farther from the truth. Profits built this great land of ours, and high profits are necessary to continue to build this land. New sources of oil cost a bundle to find, and the machinery to get it out of the ground costs even more. Unless our profits are increased still further, we simply won't bother to increase oil production. Why should we, when we can make more money importing...