Word: expanding
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Dates: during 1980-1989
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...worse than that of most U.S. airlines. Nearly all were ravaged in the late 1970s and early '80s by problems ranging from rising fuel costs to competition from upstart cut-rate carriers. Under the brash leadership of former Chairman Harding Lawrence, Braniff began to add planes and expand routes just as the economy was dropping into recession and oil prices were heading for another sharp increase...
...that happens depends in large part on what the Federal Reserve Board does. The deficits force the seven governors on the board to choose between two extremely unpleasant choices: 1) they can hold down money growth, let interest rates rise and risk a recession; 2) they can expand the money supply enough to accommodate the deficits and possibly rekindle inflationary pressures. Chairman Volcker and several other board members have signaled their determination not to give up the progress that has been made against rising prices. Says one governor: "The Fed is going to stick it out." But another governor thinks...
Even if interest rates do not rise enough to spark a recession, they could discourage the capital spending that companies need to modernize and expand their capacity. Investment has begun to revive during the recovery, but much of the money has gone for computers and automation devices, rather than for the heavy machinery and new factories needed for long-term growth. Spending for construction of industrial plants fell 24% last year, and is expected to be flat in 1984. Businessmen seem to be reluctant to make investments that will not return a sure profit within a short time. Explains Robert...
Professors say they are responding to growing student interest in the field by offering more courses, working to expand the faculty and offering more CLAIS-sponsored forums. Also significant, they say, is a Tinker Foundation grant used for undergraduates and graduate students to fund travel and study abroad. Last year 25 students and professors used the money to visit Latin America...
...said the school needed to expand its advanced education in response to changing conditions in professional architecture and design, but a major focus of this spring's discussions would be whether they can attract sufficient students and funding to make it feasible...