Word: gross
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Dates: during 1970-1979
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...most original and least gimmicky of the bunch. Be wary: the film plays alongside Heat, the latest by Paul Morrissey (Flesh, Trash). His second stand as surrogate Andy Warhol is full of grotesque actors and grotesque sex which boil down not to the grotesque but to the merely gross...
...worry that anyone would have voiced twelve months ago. The nation had just been through a stormy period of wage-price freeze and dollar devaluation, of stubborn inflation and sticky unemployment. TIME's Board of Economists, however, predicted as early as 15 months ago that in 1972 the gross national product would jump by a record amount and inflation would diminish significantly, with the result that the real purchasing power of the average factory or office worker would show the biggest gain in years. That is exactly what happened...
...increase to 3% or 4%. If that happens, he warns, by 1974 "the Fed will kill the boom." On the other hand, Beryl Sprinkel believes that the rate of money growth this year "will be in the 5% range, which will promote a lesser rate of rise in the gross national product in the latter part of the year than in the first part." Interest rates will probably drift up somewhat, but there is unlikely to be a repeat of the "credit crunch...
...members' composite prediction for the following year was that the gross national product would reach $1,049.2 billion and unemployment would peak at 6% to 6.2%. The actual figures at the year's end: $1,050 billion...
...musicals Pippin and Two Gentlemen of Verona and the plays Butley and That Championship Season -were taking in enough at the box office to make a profit for the shows and for themselves. (Broadway theaters do not charge rent from producers, but take 25% of the box office gross.) Just to rub things in, some 23 national touring companies of past seasons' hits like Jesus Christ Superstar and No, No, Nanette are outdrawing Broadway productions for the first time in history, with grosses so far this season running about 30% ahead of Broadway...