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...specter of double-digit inflation is fading fast. Indeed, the Consumer Price Index., which was bounding up at a 14% annual rate as recently as last September, rose at a mere 3.7% pace in January. Economists now freely predict that the February figure, to be announced this week, will show an equal or even more modest increase. A few are timidly speculating that it might actually drop for the first time in 16 years...
...Advisers under Presidents Kennedy and Johnson, "is in good part a fundamental change, a structural change." Adds Otto Eckstein, a member of TIME's Board of Economists: "Sure, if the economy picks up, there might be some acceleration in inflation, but it should not be anywhere near double-digit levels. Barring any new disaster in the world, I think we have eliminated double-digit inflation...
...November elections, Republicans face the prospect of trying to defend Reagan's budget, with its huge deficits and reduced social spending, at a time when the country may still be suffering from the effects of recession, high unemployment and double-digit interest rates...
...taxable in interest from bank savings accounts: the recipient of the free lunch tells to the generous lunch purchaser his or her social security number In order for the business to deduct the "necessary and proper" expense, the business would have to record and report the recipient's 9 digit social security number. At the end of the year the recipient would get a form similar to the W 2 or 1099 tax form which shows the dollar amount of free lunches, or free airfares, or free dinners, or free sports tickets that the person received at the ultimate expense...
With the University's endowment at $1.6 billion and with inflation below 10 percent, why should student charges increase at double-digit rates for the third straight year...