Word: currently
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Sure, a $15 billion tax cut for individuals sounds awesome. However, when it translates into $5 a week for my family and this is more than offset by the increase in Social Security taxes, I am hardly pleasantly surprised. And the politicians wonder about the current mood of the people. I do not feel Congress got the message; apparently it got lost somewhere in the mail...
...Carter's surprise announcement, Otto Eckstein, head of Data Resources Inc., a computerized forecasting firm, was still not ready to forecast a downturn. His current view: "We now predict recession. At these [interest] rates you are going to drive down housing and construction." Specifically, Eckstein's DRI estimates that there is a 55% chance of recession. Milton Friedman, guru of the conservative monetarist school of economists, gloomily asserts, "We have gone beyond the point of restoring the economy without a recession...
...large number of economists, however, feel that a recession is destined no matter what the Administration may do. "There is no such thing as an uninterrupted period of expansion," says James H. Lorie, a professor of business administration at the University of Chicago. "The current expansion is 3½ years old. So it's past middle age. A downturn has got to be next." Some observers feel that it would be better to have a recession sooner rather than later. Says Washington University's Murray Weidenbaum, also a member of TIME'S Board of Economists...
...civic leaders are trying to rebuild the city's image with a $4.3 million promotion campaign. TV, radio and magazine ads have been prepared around the slogan, THERE'S A WHOLE NEW GENERATION IN CLEVELAND, AND WE'RE BUILDING A WHOLE NEW TOWN. But the current wave of bad news has caused one of the campaign's chief fund raisers, Art Modell, owner of the Cleveland Browns football team, to temper his boosterism. "Let's face it," say: Modell, "you can't talk about the great cultural assets of Cleveland when the city looks...
...only pledged enormous financial and political support but also opened America's arsenal of advanced weapons to Israel and guaranteed Israel's oil supply for five years. Since Iran still supplies about 50% of Israel's oil, that U.S. guarantee would become particularly significant if the current turbulence in Iran continues...