Word: groves
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Dates: during 1970-1979
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...store managers and six as warehouse supervisors, but it agreed to stock some 25 black products, including Grove Fresh orange juice, Mumbo Barbecue Sauce, Staff of Life bread, Joe Louis milk and King Solomon spray deodorant, and to give them prominent display. A. & P. also agreed to use black-owned companies for its janitor services, garbage removal, and rodent extermination ("We have a monopoly on rats in the ghetto?and we're going to have a monopoly on killing them...
...expects it to be. Corporate profits after taxes will drop 5% to 9% below the $50.8 billion of 1969, and unemployment could rise to a peak of 4.5% to 5% late in the year, just about what CEA Chairman McCracken also seems to expect. Okun, Joseph Pechman and David Grove generally support Heller's forecast,* though they disagree on some details. Okun and Pechman, for instance, forecast a 3% to 6% drop in after-tax profits this year...
Rewriting the Books. Members of the Board of Economists predict that the Federal Reserve will soon begin expanding the money supply again, but only at about a 2% annual rate. Unanimously, they judge that move to be inadequate as well as overdue. David Grove argues that the Reserve Board should aim for a money-supply increase averaging 3% to 4% at an annual rate over the next six months. Other members disagree only over whether the Reserve Board should reach that target gradually, as Heller and Pechman prefer, or immediately, to make up for having been too stringent too long...
...David L. Grove, vice president and chief economist...
...AUTOBIOGRAPHY OF MALCOLM X, with the assistance of Alex Haley. 460 pages. Grove. $1.25 (paperback...