Word: grossness
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Dates: during 1960-1969
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...Commission, Washington's watchdog over Wall Street. The times would seem to call for a tough-minded decision maker as SEC chairman. In Hamer H. Budge, the SEC has instead a tranquil, kindly administrator who has a penchant for delay. In addition, Budge last week was accused of "gross, clear, conspicuous, transparent conflict of interest...
...produce nearly $100 million a year in revenues. The beneficiaries of this windfall would be wage earners, who now pay a higher percentage of taxes than most millionaires. Mills said that the extra funds would probably be used to cover an increase in the standard deduction of 10% of gross adjusted income claimed primarily by lower and middle-income taxpayers...
NASA's own package of post-Apollo programs, which includes additional lunar flights, orbital space stations and a series of unmanned planetary probes, would, by the agency's estimate, absorb between one-half of 1% and 1% of the gross national product every year for ten years. In the present $900 billion U.S. economy, the price would range from $4.5 billion to $9 billion a year. Though the total would be considerably smaller than the budget for defense (now $79 billion) or the Department of Health, Education and Welfare (now $58 billion), it would run considerably higher than...
...overall economy. Retail sales leveled off months ago, and auto sales have turned sluggish. New orders for durable goods declined 3% in June. For the first time in eleven months, manufacturers were filling old orders faster than new business was coming in. So far in 1969, the gross national product has risen at a real annual rate of only 2.4%, compared with the 6% increase of 1968's first half. The real growth of the nation's economy has moved down in each of the past four quarters...
Japanese companies are loaded with unneeded employees who can never be fired-and this leads to relatively low productivity. On the average, the Japanese worker produces only 50% as much as the West German and 25% as much as the U.S. worker. Japan's gross national product, at $142 billion last year, edged ahead of West Germany's largely because Japan has twice as many workers as West Germany. But this advantage may soon be weakened because Japan faces a severe labor shortage...