Word: grosse
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Dates: during 1980-1989
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Even if a cease-fire takes hold, however, the long-term outlook for petroleum prices is far from settled. Economists estimate that the two countries will need a total of at least $300 billion to rebuild their ravaged economies, twice their annual gross national products. The simplest solution is to sell more oil. Analysts predict that Iraq could nearly double its current production of 2.4 billion a day by 1990; Iran's daily capacity might jump from 2.5 million to 6 million. If they pump that much oil to pay for reconstruction, prices will plunge...
...them to work." Four of TIME's interns are assigned to various sections of the magazine as reporter-researchers: Borras, who attends the University of Florida, is in World; Princeton's Lee is in the Humanities cluster; Charles Poe of Baylor is in Economy & Business; and Brown's David Gross is working for the International editions. In addition, Harvard's Masters is serving as a correspondent in TIME's New York bureau, and Bruce Strong of the Rochester Institute of Technology is a researcher in the magazine's picture department...
Carlucci indignantly rejects any thought that this pattern is applicable to the U.S. today. It is "ridiculous," he says, "to say that our country cannot afford 5.9%" of gross national product, approximately the current rate for national defense. Yet Congress is reflecting a judgment that gargantuan deficits ($147 billion this year) will eventually cripple the economy. They cannot be significantly reduced without a whack at planned military spending, which constitutes 27% of the entire budget...
...most recent example of statistics gone awry involved the gross national product, the broad measure of the country's output of goods and services. On April 26 the Commerce Department announced that the GNP grew at a moderate annual rate of 2.3% in the first quarter of 1988. Experts interpreted the figure as proof that the economy was running smoothly. A month later, Government statisticians boosted first-quarter GNP growth to 3.9%, a change of nearly 70%. Suddenly, investors had reason to fear that the economy was overheating and that inflation was in danger of accelerating...
...Brooklyn Bridges from a million spent matches. He wants to turn surplus against itself -- not in the friendly way of Kurt Schwitters or Robert Rauschenberg but with real bloody-mindedness. A Million Miles Away posits a world in which things are carried along, bobbing like corks, on a gross, value-free cataract of media imagery. The waves of magazines undulate with a glutinous, twining rhythm, and their movement seems irresistible: they are going to take over the gallery first, and then the world. Only the zebra seems above it all; but then, it cannot read...