Word: firmness
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Dates: during 1970-1979
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...pipeline led into Rhodesia. The blockade lasted ten years, but was only window dressing. Shipments to Rhodesia continued to arrive at the old petroleum port of Lourenço Marques (now Maputo), several hundred miles to the south. From there the oil was shepherded by Shell Mozambique, a U.K.-incorporated firm, into the hands of South African brokers, who sent it north by rail through Mozambique to Rhodesia...
...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...
...next summer, in Eckstein's view ?from last month's relatively cheering rate of 5.9%. Also, the slowdown will do little if anything to temper inflation, which is expected to average 8% this year as measured by the Consumer Price Index. Robert Nathan, who heads an economic consulting firm in Washington, thinks the rate may come down a point or so next year, but he is the board's optimist. Sprinkel believes inflation may actually worsen a little next year; the others see little or no change. And inflation will keep the dollar in trouble; Monetary Expert Robert Triffin...
Already the South African Solidarity Committee (SASC), along with a law school group, has conducted a demonstration outside the Harvard Motor House to protest recruitment interviews being conducted inside for a Washington D.C. law firm because three of the firm's partners represent the South African government. 100, was way down from the 3500 who participated in last year's climatic torch light parade, a number of law school students cancelled their interviews due to the urgings of the protesters...
...corporations of U.N. member nations to operate in South Africa. This legal development evidently did not bother the financial wizards on Boston's Federal Street who invest Harvard's money. Harvard did not buy its millions in AMAX stock until after the international court had declared the firm's Namibian operations illegal...