Word: gross
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Dates: during 1970-1979
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...economic goals for next year announced on the Hill by the President-elect did look conservative enough at first glance. He said he hoped to reduce by 1.5% the current unemployment rate of 7.9%, and to increase the gross national product by 6%. Those goals are not as modest as they may appear, however, and some of Carter's economic advisers are telling him that if he hopes to reach his targets, he will have to give the economy a quick stimulant when he takes office. One sure, swift way to do that, of course, is to cut taxes...
Brisk Business. "It took us a while to get known," he says. But business is now brisk; whereas Rare Earth had to sell 20 properties in 1975 to gross $700,000, just three of the ten properties it has sold this year brought in the same amount. Still, profit margins are thin because overhead runs about $5,000 a month. That includes base salaries for Van Haefton and his wife (six other employees work on straight commission), heavy advertising expenses and a lot of travel...
English 12B, Shakespeare. (10 to 20 per cent return, higher for those resistant to poetry.) A general survey of the tragedies with special attention to the relationship between their themes and the Gross National Product; the effect of variance in interest rates on Polonius's advice to Laertes...
...deepening business lull. The Government reported last week that real gross national product-total output, adjusted for inflation-rose only 3.8% in the third quarter, rather than 4% as was first estimated. Industrial production fell .5% in October, the second straight monthly decline, and housing starts also dipped. Carter in January is likely to propose a $10 billion to $15 billion tax cut to pep up demand; his chief economic adviser, Lawrence R. Klein, has said that the country may need an annual growth rate of 7% to reduce unemployment significantly...
...State in the Johnson Administration. Among its 119 members are former CIA Director William Colby, former Treasury Secretaries John Connally and C. Douglas Dillon. retired Generals Lyman Lemnitzer, Maxwell Taylor and Matthew Ridgway. Calling détente "illusory" and warning that U.S. defense spending, as a percentage of gross national product, "is lower than at any time in 25 years," the group vowed to lobby for a stronger military...