Word: expansionism
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Dates: during 1970-1979
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The Administration has been relying on the Federal Reserve Board to curb demand by keeping a firm rein on money supply. The rate of money expansion has shrunk from about 12% in February and March to less than 7% in the second quarter. That policy has made it too costly...
Good News. Social problems are the most intense in Rock Springs, a huge trove of coal, oil, shale, potash, sand, gravel, clay and cement rock. Since 1971, about 5,000 workers have moved in to build the giant Jim Bridger Power Plant- and work in a newly discovered oilfield. Another...
One of the first priorities for Charles U. Daly, Bok's vice president for government and community affairs, was to attempt to outline Harvard's policies, plans and expectations in the areas of tax payments, expansion, housing, land purchase and all other matters concerning the communities in which Harvard is...
Early estimates from several members of TIME'S Board of Economists, for example, indicate that output of goods and services, adjusted for price changes, is essentially flat. David Grove calculates that real gross national product, which dropped at an annual rate of 6.3% in the first quarter, dipped another...
Bleak Outlook. It might be argued that that is not necessarily bad news: a strong expansion could worsen the nation's already horrendous inflation. Yet the outlook on prices is also bleak. True, a drop in farm goods held the rise in wholesale prices in June to an annual...