Word: expectance
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Dates: during 1970-1979
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...subscribers. No other newsmagazine attempted the enormous feat of reprinting its total run of copies or delivering around the world a complete assessment of the momentous event. TIME, determined to present the news as it happened, provided for its 26 million readers worldwide the kind of coverage they expect: fast, accurate, insightful...
...political position in U.S. Sadat later says he has "a soft spot in my heart for President Carter," and that he would do what he could. Explains a Sadat aide: "Sadat told us that no American President has ever so Involved himself in our problems. We can never expect to have another like...
...other economists expect only a kind of pause. Otto Eckstein, president of Data Resources Inc., a forecasting firm, offers a precise computerized prediction: the growth of real G.N.P. will slow from 3.9% in the current quarter to 3.2% in late 1978, 1.9% in the first quarter of 1979 and 1.1% from April through June next year. But then it will pick up enough to produce a growth rate of 3.1% for all of 1979; that would not be far below the 3.9% expected this year, and is probably about as much as the economy can afford without generating even worse...
...Reserve Board to ease up on its pressure for higher interest rates. Right now, rates are still going up; major banks have just raised their basic charge on business loans to 9½%, from 9% in early summer and 8% at the start of the year. However, board members generally expect that interest rates will peak out before the end of 1978, and back down a bit next year. Nathan foresees declines of around a point on most borrowing rates, and a half-point or more on mortgage loans, which now cost home buyers an average 9.7%. Meanwhile, the economy seems...
...oppose guidelines and do not believe they would work: even if union leaders negotiated moderate wage pacts, rank-and-filers would vote them down. Weidenbaum adds that the result might be strikes?by the Teamsters, for example?that could tip the economy into a recession he does not now expect. The Republican board members believe that inflationary fever can be lowered only by the slow-acting medicines of lower federal spending, reduced deficits and moderate growth in the money supply...