Word: expansionism
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Dates: during 1970-1979
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Fueled by free-spending consumers and businessmen, the economy this year has been hurtling forward at breakneck speed. For months economists have been warning that the rapid rate of expansion could not continue, and that unless the Nixon Administration could hold the economy to a more sustainable pace, the burst...
Oddly, the signs of slowdown are good news for the Administration's economic policymakers. They have been claiming for months that their restrictive fiscal and monetary policies were dampening the expansion. The tight budget policy was helped considerably when bulging profits and rising incomes led to an upsurge in...
The economy's growth will continue to slow for the rest of the year, but the expansion was so rapid earlier that the gross national product will probably post a real gain of 6% for the year-not counting inflation. A softer economy could aid the Administration's...
The $8-million library is designed with future expansion in mind. The first phase will be completed by Spring 1975, and its size can, if necessary, be doubled afterwards through further underground construction. And Bok could tear down the former President's House at 17 Quincy Street--now the Corporation...
Despite their growth, only a handful of the 100 firms (including Chicago's cosmetics-making Johnson Products and Baltimore's sausage-stuffing H.G. Parks, Inc.) have sold stock to the public-the only realistic way for a business to get the capital required for large-scale expansion. Until...