Word: expectance
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Dates: during 1970-1979
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Kerr-McGee plans to appeal the case. Dean McGee, co-founder and current chairman of the company, had declared that, whatever the verdict, his firm did not expect to make any changes in its operating practices...
During the recession, TIME'S economists expect, the real gross national product will decline by only 1% or 2% before recovering next spring. Still, that will be enough to weaken loan demand and cause overall interest rates to turn down. The economists expect the banks' prime lending rate to rise from the present 11¾% to 12½% or 13% in early summer, and then decline, perhaps sharply. Thus, the stock market should rise later this year. Wall Street rallies often begin during recessions...
Another threat is OPEC. Some of the economists expect the oil cartel to go on raising prices from the present average $16.40 per bbl. to about $18 by year's end. Higher fuel costs would both fan inflation and be an added tax on Americans' disposable income, thus prolonging the recession. Otto Eckstein, chief of Data Resources Inc., the economic analysis firm, favors putting a strict limit of 7 million bbl. per day on petroleum imports, which now average about 8 million bbl. daily; mandatory limits would probably result in gasoline rationing. Okun and other board members would...
...Title IX, and many civil rights lawyers and courts have assumed all along that they could. The high court's decision simply removes any doubt and makes people aware of their rights. Says Harvard Law Professor Laurence Tribe: "Once the Supreme Court gives the green light, you can expect more suits...
...Harvard it is instructive to notice the stand the Harvard Corporation has taken on this issue. After reading President Bok's four open letters on the role of the university, one might expect that the Corporation would at least remain neutral. One would expect that at the very least the Corporation would refrain from supporting Ian Smith. However, this is not the case...