Word: grossness
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Dates: during 1980-1989
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...budget business has created a fantasy world in which markets and interest rates plunge and rise on forecasts and prophecy. A change of a percentage point or two in assumptions about unemployment, the cost of living or gross national product can mean projected billions in Government income or deficit That, in turn, means more billions of change forecast in the private money markets, which shudder instantly to new speculation from Washington Ail error of one percentage point in unemployment estimates can add up to a $25 lion error in the budget sums...
...have been discriminated against by employers. But critics charge that Smith's way amounts to no way at all. "Improving black schools has the unpleasant aroma of separate-but-equal," says William Taylor, director of the Washington-based Center for National Policy Review. "That kind of rhetoric is gross hypocrisy from an Administration that is cutting school expenditures to the bone." Adds Democratic Senator Howard Metzenbaum of Ohio: "It's pitiful. Suddenly in one fell swoop this Administration turns the clock back on civil rights...
...Vietnam War. Since that time we have overthrown a government in Chile, and shored up governments in numerous other corners of the globe.) So, in Tsongas's mind, the answer is not only to court Third World nations--a fine idea--but also to spend as much of our gross national product on armaments as the Russians. We should, he says, "be very plain that we are prepared to meet any Soviet arms buildup; that we will respond to their aggressive instinct." Tsongas is in this case a moderate because he only supports nuclear parity, not superiority...
Ironically, University officials must now set aside resentment over Reagan's spending and taxation policies, Coddington says, and cling to "one chief hope that the administration program does achieve its ends" in cutting inflation, increasing the Gross National Product, "and building a generally stronger economy, so that there will be money to give to places like Harvard." Yet at the same time, University financial officers will have to use shortfalls in funding from the NSF, the NIH and elsewhere to drum up individual donations. "If we can make a case to private contributors that we have been hurt in enough...
...their paychecks. In 1970 the mean annual income for a 25-to 34-year-old was $6,828. By 1980 that had almost doubled, to $13,201, or a nationwide total of $424 billion. By 1990 it could reach $1.2 trillion, equal to about half the entire U.S. gross national product last year...