Word: ceas
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...addition, the senior staff of the CEA have decided that, beginning July 1, only one project-Project Bypass-will use the CEA accelerator. Work on three other high-energy physics projects now being conducted at the CEA will be stopped...
...reflects a lack of understanding for the role of fundamental research," CEA director Karl Strauch said yesterday. "It has forced us into an unreasonable situation...
Sixty-eight of the CEA's 180 employees-including scientists, engineers, technicians, and administrative personnel-have been informed that they must leave the Accelerator on July 1, or, in the cases of those with Corporation appointments, when the appointments expire...
...Recession? Nixon's Economic Report, supported by the findings of his Council of Economic Advisers, forecast both less inflation and less growth for the economy this year than last. Gross national product should rise about 5½% to $985 billion, the CEA predicted, compared with the too swift 7.7% expansion during 1969. The trick, of course, is to keep the anti-inflationary slowdown from growing into a grave economic slump. Last week, stock prices, often an advance indicator of broader economic trends, fell to their lowest level since November 1963 (see BUSINESS). Still, Nixon told his news conference...
Even by 1975, the "national nest egg," as the Administration dubs the prospective leeway for increasing federal outlays, will amount to a mere $22 billion, or 1½% of the nation's total output of goods and services. That is based on the CEA's optimistic prediction that inflation will be brought under control by the end of 1971, with price increases cut to the rate of 1½% a year. After that, the council foresees a resurgence of real economic growth (4.3% a year) and unemployment declining to a moderate 3.8% of the labor force...